Uber Technologies, Inc. (NYSE:UBER) Stake Raised by Creative Planning

Creative Planning raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,672 shares of the ride-sharing company’s stock after acquiring an additional 4,600 shares during the quarter. Creative Planning’s holdings in Uber Technologies were worth $10,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Uber Technologies by 2.2% during the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the last quarter. Capital World Investors boosted its stake in shares of Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after acquiring an additional 283,802 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after acquiring an additional 3,019,431 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 worth $2,804,437,000 after purchasing an additional 9,996,508 shares during the period. Finally, GQG Partners LLC lifted 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 valued at $1,726,381,000 after purchasing an additional 9,541,366 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 1.2 %

Shares of Uber Technologies stock opened at $74.28 on Wednesday. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The firm has a market capitalization of $156.06 billion, a PE ratio of 120.71, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The company’s fifty day moving average price is $70.41 and its two-hundred day moving average price is $70.57.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter last year, the company earned $0.18 EPS. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 1.04 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Melius Research started coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target on the stock. The Goldman Sachs Group lifted their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Loop Capital upped their price target on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. BMO Capital Markets reissued an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.81.

Insider Buying and Selling at Uber Technologies

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

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.