Menard Financial Group LLC Purchases 7,163 Shares of Uber Technologies, Inc. (NYSE:UBER)

Menard Financial Group LLC grew its position in Uber Technologies, Inc. (NYSE:UBER) by 39.9% during the second quarter, HoldingsChannel reports. The firm owned 25,119 shares of the ride-sharing company’s stock after buying an additional 7,163 shares during the period. Uber Technologies comprises approximately 1.3% of Menard Financial Group LLC’s portfolio, making the stock its 15th largest holding. Menard Financial Group LLC’s holdings in Uber Technologies were worth $1,826,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UBER. Vanguard Group Inc. boosted its position in Uber Technologies by 34.8% during the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after acquiring an additional 43,275,830 shares during the last quarter. Edgewood Management LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $783,401,000. Price T Rowe Associates Inc. MD boosted its position in shares of Uber Technologies by 37.8% during 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 purchasing an additional 9,996,508 shares in the last quarter. GQG Partners LLC grew its stake in Uber Technologies by 74.1% during the first 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 period. Finally, Capital Research Global Investors increased its holdings in Uber Technologies by 28.4% in the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after purchasing an additional 8,164,816 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Loop Capital raised their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Oppenheimer reissued an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Cantor Fitzgerald started coverage on shares of Uber Technologies in a research note on Thursday, September 5th. They issued an “overweight” rating and a $90.00 price target for the company. Roth Mkm increased their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Citigroup boosted their target price on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Four research 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, the company has an average rating of “Moderate Buy” and an average price target of $87.60.

Uber Technologies Price Performance

UBER opened at $72.48 on Monday. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The firm has a 50-day moving average of $69.41 and a 200 day moving average of $70.89. 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 cap of $151.45 billion, a P/E ratio of 116.90, a PEG ratio of 1.21 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $0.18 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts expect that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.84% of the stock is owned by corporate insiders.

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.