Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Increased by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 888,406 shares of the ride-sharing company’s stock after purchasing an additional 154,398 shares during the period. National Bank of Canada FI’s holdings in Uber Technologies were worth $63,123,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. WR Wealth Planners LLC boosted its position in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the period. J.Safra Asset Management Corp acquired a new position in shares of Uber Technologies in the 1st quarter valued at $32,000. GW&K Investment Management LLC purchased a new position in Uber Technologies in the 4th quarter worth about $33,000. Finally, Founders Capital Management acquired a new stake in Uber Technologies during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $71.27 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The firm has a market cap of $149.73 billion, a price-to-earnings ratio of 114.95, a PEG ratio of 1.31 and a beta of 1.33. The stock has a 50-day moving average price of $69.58 and a 200 day moving average price of $71.32.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the previous year, the company earned $0.18 EPS. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. Research analysts expect that Uber Technologies, Inc. will post 1.05 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now directly owns 96,945 shares in the company, valued at approximately $6,851,103.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Tony West sold 28,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on UBER shares. Oppenheimer reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 5th. The Goldman Sachs Group raised their target price on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Loop Capital upped their price target on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday. UBS Group decreased their price objective on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Roth Mkm upped their target price on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.60.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.