Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Raised by Legal & General Group Plc

Legal & General Group Plc boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 1.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,238,477 shares of the ride-sharing company’s stock after buying an additional 237,976 shares during the period. Legal & General Group Plc’s holdings in Uber Technologies were worth $1,107,529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UBER. Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 34.8% in the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after acquiring an additional 43,275,830 shares during the last quarter. Edgewood Management LLC acquired a new position in Uber Technologies in the fourth quarter worth $783,401,000. Price T Rowe Associates Inc. MD increased its stake in Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares during the last quarter. GQG Partners LLC raised its holdings in shares of Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares during the period. Finally, Capital Research Global Investors lifted its position in shares of Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after buying an additional 8,164,816 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Roth Mkm increased their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. Raymond James assumed coverage on Uber Technologies in a report on Tuesday. They issued a “strong-buy” rating and a $90.00 price target on the stock. Evercore ISI upped their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $87.67.

Uber Technologies Stock Down 0.6 %

NYSE UBER opened at $76.69 on Friday. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a market capitalization of $161.11 billion, a P/E ratio of 123.69, a PEG ratio of 1.38 and a beta of 1.33. The company’s 50 day simple moving average is $69.88 and its 200 day simple moving average is $70.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. Equities research analysts expect that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

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.