Uber Technologies, Inc. $UBER Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,218 shares of the ride-sharing company’s stock after purchasing an additional 8,584 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Uber Technologies were worth $9,257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $27,000. West Oak Capital LLC bought a new position in Uber Technologies during the second quarter worth $28,000. Truvestments Capital LLC lifted its stake in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Uber Technologies in the second quarter worth $30,000. Finally, Ransom Advisory Ltd bought a new stake in Uber Technologies during the first quarter valued at $31,000. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Guggenheim dropped their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $108.00 price target on shares of Uber Technologies in a research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research report on Wednesday. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Tuesday. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.26.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This represents a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 604,946 shares of company stock valued at $58,950,116 over the last 90 days. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $92.03 on Friday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $95.46 and a two-hundred day moving average of $91.09. The company has a market capitalization of $191.21 billion, a price-to-earnings ratio of 11.83 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.