Rathbones Group PLC Purchases 156,423 Shares of Uber Technologies, Inc. (NYSE:UBER)

Rathbones Group PLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 128.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 278,216 shares of the ride-sharing company’s stock after purchasing an additional 156,423 shares during the quarter. Rathbones Group PLC’s holdings in Uber Technologies were worth $20,221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealthspire Advisors LLC lifted its position in Uber Technologies by 0.6% during the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after purchasing an additional 151 shares in the last quarter. Hilltop Holdings Inc. grew its stake in shares of Uber Technologies by 2.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after acquiring an additional 157 shares during the period. Sivia Capital Partners LLC increased its holdings in Uber Technologies by 3.3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after acquiring an additional 157 shares in the last quarter. Wellington Shields Capital Management LLC raised its stake in Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after acquiring an additional 159 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its holdings in Uber Technologies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial reissued a “buy” rating and issued a $88.00 price objective on shares of Uber Technologies in a research note on Friday, September 6th. JMP Securities raised their price target on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. Bank of America restated a “buy” rating and issued a $88.00 price objective on shares of Uber Technologies in a research report on Friday, August 23rd. Melius started coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Finally, Evercore ISI boosted their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $87.60.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were 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 in the company, valued at $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 6.4 %

Shares of NYSE UBER opened at $72.48 on Friday. The company has a market cap of $151.45 billion, a P/E ratio of 116.90, a PEG ratio of 1.21 and a beta of 1.33. The firm has a 50-day simple moving average of $69.41 and a two-hundred day simple moving average of $70.94. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. 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 issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. Research analysts anticipate that Uber Technologies, Inc. will post 1.06 earnings per share for the current year.

About Uber Technologies

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.