Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,768 shares of the ride-sharing company’s stock after purchasing an additional 498 shares during the quarter. Plato Investment Management Ltd’s holdings in Uber Technologies were worth $2,745,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Uber Technologies by 34.8% in the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after acquiring an additional 43,275,830 shares in the last quarter. Norges Bank acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $1,415,778,000. Edgewood Management LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $783,401,000. Price T Rowe Associates Inc. MD increased its stake 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 in the last quarter. Finally, GQG Partners LLC raised its position in shares of Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’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 transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. Oppenheimer reiterated an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, June 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 30th. Morgan Stanley lifted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Finally, Piper Sandler upped their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.60.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $72.48 on Friday. The stock’s 50-day simple moving average is $69.41 and its 200-day simple moving average is $70.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $152.28 billion, a PE ratio of 116.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the previous year, the firm earned $0.18 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts forecast 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.