Callan Family Office LLC Raises Stock Holdings in Uber Technologies, Inc. $UBER

Callan Family Office LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 203.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 77,251 shares of the ride-sharing company’s stock after acquiring an additional 51,761 shares during the period. Callan Family Office LLC’s holdings in Uber Technologies were worth $7,208,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Pershing Square Capital Management L.P. purchased a new stake in Uber Technologies in the 1st quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC grew its holdings in Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. Northern Trust Corp grew its holdings in Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock valued at $1,401,873,000 after buying an additional 720,122 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock valued at $995,801,000 after buying an additional 394,157 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on UBER. KeyCorp increased their target price on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research report on Saturday, September 27th. Sanford C. Bernstein increased their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Barclays restated an “overweight” rating and set a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Finally, Mizuho initiated coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.03.

Insider Activity

In other Uber Technologies news, insider Tony West sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 601,821 shares of company stock valued at $58,659,491. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $96.06 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The company has a market cap of $200.32 billion, a PE ratio of 16.36 and a beta of 1.48. The business has a 50-day simple moving average of $94.73 and a two-hundred day simple moving average of $87.69.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.