TD Asset Management Inc Purchases 1,241,899 Shares of Uber Technologies, Inc. $UBER

TD Asset Management Inc raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 82.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,747,812 shares of the ride-sharing company’s stock after purchasing an additional 1,241,899 shares during the period. TD Asset Management Inc’s holdings in Uber Technologies were worth $256,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Pershing Square Capital Management L.P. purchased a new stake in shares of Uber Technologies during the first quarter worth $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its position in shares of Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock worth $658,686,000 after acquiring an additional 2,749,456 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 601,821 shares of company stock valued at $58,659,491. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Morgan Stanley restated an “overweight” rating and set a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Wedbush lowered their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Susquehanna increased their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Piper Sandler increased their price objective on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, KeyCorp increased their price objective on Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $104.03.

Uber Technologies Trading Up 0.8%

NYSE UBER opened at $94.14 on Tuesday. The stock’s 50-day simple moving average is $94.98 and its two-hundred day simple moving average is $88.15. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $196.32 billion, a price-to-earnings ratio of 16.04 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies Company Profile

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.