Banco Santander S.A. Purchases 107,568 Shares of Uber Technologies, Inc. $UBER

Banco Santander S.A. grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 31.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 453,097 shares of the ride-sharing company’s stock after acquiring an additional 107,568 shares during the quarter. Banco Santander S.A.’s holdings in Uber Technologies were worth $42,274,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in Uber Technologies in the second quarter worth $96,000. Geneos Wealth Management Inc. boosted its holdings in Uber Technologies by 805.4% in the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after acquiring an additional 91,362 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in Uber Technologies by 42.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock worth $70,822,000 after acquiring an additional 226,960 shares in the last quarter. Kapstone Financial Advisors LLC bought a new stake in Uber Technologies in the second quarter worth $415,000. Finally, Northeast Investment Management boosted its holdings in Uber Technologies by 168.2% in the second quarter. Northeast Investment Management now owns 91,481 shares of the ride-sharing company’s stock worth $8,535,000 after acquiring an additional 57,369 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Down 0.6%

Uber Technologies stock opened at $94.09 on Monday. The stock has a market cap of $196.21 billion, a PE ratio of 16.03 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The stock has a fifty day moving average of $95.42 and a 200 day moving average of $89.67.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on UBER shares. Piper Sandler boosted their target price on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Mizuho assumed coverage on Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Guggenheim raised Uber Technologies to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. upped their price target on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.91.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 604,946 shares of company stock valued at $58,950,116 in the last 90 days. 3.70% of the stock is owned by company insiders.

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.