Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Western Financial Corp CA

Western Financial Corp CA boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,408 shares of the ride-sharing company’s stock after purchasing an additional 543 shares during the period. Uber Technologies makes up approximately 1.1% of Western Financial Corp CA’s holdings, making the stock its 20th biggest position. Western Financial Corp CA’s holdings in Uber Technologies were worth $1,910,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised 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 valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the period. Capital Research Global Investors lifted its stake in Uber Technologies by 8.2% in the 1st 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its position in 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 worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the period. GQG Partners LLC grew its stake in 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 valued at $1,726,381,000 after acquiring an additional 9,541,366 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after purchasing an additional 237,976 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on UBER shares. Raymond James assumed coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective on the stock. Melius initiated coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target on the stock. JMP Securities boosted their target price on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. UBS Group raised their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Daiwa America downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday. Six analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $88.51.

Uber Technologies Price Performance

Shares of UBER traded up $0.90 during trading hours on Monday, hitting $80.06. The stock had a trading volume of 7,912,970 shares, compared to its average volume of 17,995,627. The stock has a market capitalization of $168.20 billion, a price-to-earnings ratio of 86.99, a P/E/G ratio of 1.37 and a beta of 1.33. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $87.00. 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’s fifty day moving average is $74.30 and its two-hundred day moving average is $70.63.

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 the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 1.08 EPS for the current 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.