Uber Technologies, Inc. $UBER Shares Bought by Natixis

Natixis grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 238.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,192 shares of the ride-sharing company’s stock after purchasing an additional 267,179 shares during the quarter. Natixis’ holdings in Uber Technologies were worth $35,379,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares during the last quarter. Bison Wealth LLC grew its holdings in shares of Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after purchasing an additional 641 shares during the period. Townsquare Capital LLC increased its position in Uber Technologies by 58.8% during the first quarter. Townsquare Capital LLC now owns 52,420 shares of the ride-sharing company’s stock worth $3,819,000 after purchasing an additional 19,419 shares during the last quarter. Finally, Koss Olinger Consulting LLC purchased a new position in Uber Technologies during the first quarter worth about $201,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the sale, the insider directly owned 174,135 shares in the company, valued at approximately $16,037,833.50. This trade represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares in the company, valued at approximately $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 567,625 shares of company stock valued at $55,385,660. Insiders own 3.70% of the company’s stock.

Uber Technologies Stock Up 0.3%

Uber Technologies stock opened at $91.25 on Monday. The firm has a market capitalization of $189.60 billion, a P/E ratio of 11.73 and a beta of 1.19. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The stock’s fifty day simple moving average is $92.80 and its 200-day simple moving average is $91.84.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald raised their price target on shares of Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Piper Sandler set a $107.00 target price on Uber Technologies in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Barclays decreased their target price on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $108.74.

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.