MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 21,543 Shares of Uber Technologies, Inc. $UBER

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 1.8% in the second quarter, HoldingsChannel reports. The fund owned 1,223,754 shares of the ride-sharing company’s stock after purchasing an additional 21,543 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Uber Technologies were worth $114,137,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kilter Group LLC bought a new stake in Uber Technologies in the second quarter valued at approximately $26,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies in the second quarter worth $28,000. Truvestments Capital LLC raised its holdings in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Uber Technologies during the 2nd quarter valued at $30,000. Finally, Ransom Advisory Ltd purchased a new stake in Uber Technologies during the 1st quarter valued at $31,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 1.6%

UBER opened at $85.47 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The stock has a market cap of $177.59 billion, a PE ratio of 10.99 and a beta of 1.19. The business has a 50 day moving average of $92.01 and a 200-day moving average of $91.78.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $0.67 by $2.44. The company 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 firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 earnings per share. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the transaction, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at $98,726,021.12. This represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 267,625 shares of company stock valued at $26,774,660 in the last three months. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UBER. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research note on Tuesday, November 4th. Barclays reduced their price target on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price objective on Uber Technologies in a report on Wednesday, November 5th. Sanford C. Bernstein lifted their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.60.

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.