DekaBank Deutsche Girozentrale Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

DekaBank Deutsche Girozentrale raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 21.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,130,148 shares of the ride-sharing company’s stock after purchasing an additional 200,754 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.05% of Uber Technologies worth $79,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its stake in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares in the last quarter. WR Wealth Planners LLC grew its stake in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in Uber Technologies during the 1st quarter worth $32,000. MCF Advisors LLC boosted its position in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares in the last quarter. Finally, Founders Capital Management acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UBER. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 30th. Citigroup increased their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, Oppenheimer reiterated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.60.

Insider Activity

In related 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 transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 6.4 %

NYSE:UBER opened at $72.48 on Friday. The company has a market capitalization of $152.28 billion, a price-to-earnings ratio of 116.90, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The stock has a 50-day simple moving average of $69.41 and a 200 day simple moving average of $70.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

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