Uber Technologies, Inc. $UBER Shares Bought by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC grew its position in Uber Technologies, Inc. (NYSE:UBER) by 21.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,222 shares of the ride-sharing company’s stock after acquiring an additional 12,887 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Uber Technologies were worth $6,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brant Point Investment Management LLC bought a new stake in Uber Technologies in the second quarter valued at $933,000. Prudential PLC grew its position in shares of Uber Technologies by 15.7% during the second quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock worth $20,233,000 after acquiring an additional 29,359 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Uber Technologies by 1.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 2,082,067 shares of the ride-sharing company’s stock worth $194,257,000 after acquiring an additional 35,418 shares during the period. M&T Bank Corp lifted its position in Uber Technologies by 13.9% in the 2nd quarter. M&T Bank Corp now owns 426,163 shares of the ride-sharing company’s stock valued at $39,761,000 after purchasing an additional 52,002 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in Uber Technologies during the 2nd quarter valued at about $96,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total transaction of $287,812.50. Following the completion of the transaction, the insider owned 174,135 shares in the company, valued at approximately $16,037,833.50. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 264,875 shares of company stock valued at $26,501,255. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UBER has been the topic of several analyst reports. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Morgan Stanley decreased their price objective on Uber Technologies from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Piper Sandler set a $107.00 target price on Uber Technologies in a research report on Wednesday, November 5th. Sanford C. Bernstein boosted their price target 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, The Goldman Sachs Group reissued a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Uber Technologies Stock Down 3.9%

Shares of UBER stock opened at $81.83 on Tuesday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The business’s fifty day moving average is $91.41 and its 200-day moving average is $91.79. The stock has a market cap of $170.02 billion, a PE ratio of 10.52 and a beta of 1.19.

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

Uber Technologies 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.