Cambridge Investment Research Advisors Inc. Has $16.30 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Cambridge Investment Research Advisors Inc. cut its position in Uber Technologies, Inc. (NYSE:UBER) by 9.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 224,278 shares of the ride-sharing company’s stock after selling 24,092 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Uber Technologies were worth $16,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after purchasing an additional 3,623,951 shares in the last quarter. Capital World Investors increased its position in shares of Uber Technologies by 0.7% during the fourth 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 raised its holdings in shares of Uber Technologies by 8.2% during the first 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 period. Price T Rowe Associates Inc. MD lifted its position in Uber Technologies by 37.8% in the 1st 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 acquiring an additional 9,996,508 shares in the last quarter. Finally, Norges Bank bought a new stake in Uber Technologies in the 4th quarter valued at $1,415,778,000. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on UBER. UBS Group lowered their target price on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Wolfe Research initiated coverage on Uber Technologies in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price on the stock. Bank of America restated a “buy” rating and issued a $88.00 target price on shares of Uber Technologies in a research note on Friday, August 23rd. Citigroup raised their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Oppenheimer reissued an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.50.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the transaction, the insider now directly owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Uber Technologies news, insider Tony West sold 89,234 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the sale, the insider now directly owns 124,945 shares in the company, valued at $8,518,750.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 617,234 shares of company stock valued at $44,017,734. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $72.56 on Wednesday. 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 firm has a market cap of $151.62 billion, a price-to-earnings ratio of 117.03, a P/E/G ratio of 1.32 and a beta of 1.36. The stock’s fifty day moving average price is $69.37 and its two-hundred day moving average price is $71.42. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14.

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