7,907 Shares in Uber Technologies, Inc. $UBER Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to its most recent filing with the SEC. The firm acquired 7,907 shares of the ride-sharing company’s stock, valued at approximately $738,000.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 1.6% in the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after acquiring an additional 3,025,483 shares in the last quarter. Geode Capital Management LLC lifted its position in Uber Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after purchasing an additional 1,168,288 shares during the period. Pershing Square Capital Management L.P. purchased a new stake in Uber Technologies in the 1st quarter valued at approximately $2,207,743,000. Norges Bank purchased a new stake in Uber Technologies in the 2nd quarter valued at approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC increased its position 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 worth $1,863,545,000 after purchasing an additional 19,967,705 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total transaction of $287,812.50. Following the completion of the transaction, the insider owned 174,135 shares in the company, valued at approximately $16,037,833.50. This trade represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 264,875 shares of company stock valued at $26,501,255 over the last quarter. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler set a $107.00 price target on Uber Technologies in a report on Wednesday, November 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Susquehanna reaffirmed a “positive” rating and set a $110.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. BMO Capital Markets reduced their price objective on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Finally, Cowen reissued a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Uber Technologies Stock Down 3.9%

UBER stock opened at $81.83 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50 day simple moving average is $91.41 and its 200-day simple moving average is $91.79. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The firm has a market capitalization of $170.02 billion, a PE ratio of 10.52 and a beta of 1.19.

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

About Uber Technologies

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.