Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 116.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,315,306 shares of the ride-sharing company’s stock after purchasing an additional 1,783,166 shares during the period. William Blair Investment Management LLC’s holdings in Uber Technologies were worth $240,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Aptus Capital Advisors LLC lifted its holdings in Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after purchasing an additional 1,383 shares in the last quarter. US Bancorp DE increased its holdings in shares of Uber Technologies by 2.5% in the fourth quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock valued at $61,310,000 after purchasing an additional 24,059 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after purchasing an additional 25,814 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Uber Technologies by 26.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after buying an additional 8,614 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Uber Technologies by 70.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock valued at $959,000 after buying an additional 6,426 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $72.48 on Friday. 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 has a market capitalization of $152.28 billion, a P/E ratio of 116.90, a PEG ratio of 1.25 and a beta of 1.33. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The business has a 50 day moving average price of $69.41 and a 200 day moving average price of $70.99.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share 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 firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same period last year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent research reports. Evercore ISI boosted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley lifted their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Melius Research assumed 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. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, Truist Financial restated a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a research report on Friday, September 6th. Four research 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, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $87.60.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.