Uber Technologies, Inc. $UBER Stake Lifted by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,847 shares of the ride-sharing company’s stock after buying an additional 7,502 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Uber Technologies were worth $5,957,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UNIVEST FINANCIAL Corp grew its stake in Uber Technologies by 43.8% during the 2nd quarter. UNIVEST FINANCIAL Corp now owns 65,131 shares of the ride-sharing company’s stock worth $6,077,000 after buying an additional 19,826 shares during the last quarter. Aljian Capital Management LLC grew its stake in Uber Technologies by 1.6% during the 2nd quarter. Aljian Capital Management LLC now owns 17,389 shares of the ride-sharing company’s stock worth $1,622,000 after buying an additional 275 shares during the last quarter. Simon Quick Advisors LLC grew its stake in shares of Uber Technologies by 12.9% in the second quarter. Simon Quick Advisors LLC now owns 28,289 shares of the ride-sharing company’s stock worth $2,639,000 after purchasing an additional 3,233 shares in the last quarter. Coign Capital Advisors LLC increased its holdings in shares of Uber Technologies by 1.7% during the second quarter. Coign Capital Advisors LLC now owns 8,055 shares of the ride-sharing company’s stock valued at $752,000 after purchasing an additional 138 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of Uber Technologies by 3.5% during the second quarter. Amalgamated Bank now owns 456,115 shares of the ride-sharing company’s stock valued at $42,556,000 after purchasing an additional 15,595 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 0.8%

Shares of UBER stock opened at $96.49 on Friday. The stock has a 50-day simple moving average of $95.56 and a 200 day simple moving average of $90.22. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The stock has a market capitalization of $201.21 billion, a P/E ratio of 16.44 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

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 during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the company posted $0.47 EPS. Uber Technologies’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00. Following the completion of the sale, the insider directly owned 172,846 shares in the company, valued at approximately $16,074,678. This trade represents a 1.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on UBER. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $108.00 price target on shares of Uber Technologies in a report on Wednesday. Royal Bank Of Canada raised their price target on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. UBS Group raised their price target on Uber Technologies from $117.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday. Roth Capital raised their price target on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Mizuho began 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. Three investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.82.

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.