Dana Investment Advisors Inc. Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Dana Investment Advisors Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 140.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 364,634 shares of the ride-sharing company’s stock after acquiring an additional 212,703 shares during the period. Uber Technologies makes up 0.9% of Dana Investment Advisors Inc.’s portfolio, making the stock its 15th biggest position. Dana Investment Advisors Inc.’s holdings in Uber Technologies were worth $26,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ariadne Wealth Management LP bought a new position in shares of Uber Technologies in the second quarter worth approximately $228,000. Ted Buchan & Co bought a new position in Uber Technologies in the 2nd quarter valued at approximately $286,000. Truist Financial Corp lifted its position in Uber Technologies by 4.4% in the 2nd quarter. Truist Financial Corp now owns 490,554 shares of the ride-sharing company’s stock valued at $35,653,000 after acquiring an additional 20,815 shares in the last quarter. Fiera Capital Corp boosted its stake in Uber Technologies by 5.1% during the 2nd quarter. Fiera Capital Corp now owns 89,712 shares of the ride-sharing company’s stock valued at $6,520,000 after purchasing an additional 4,350 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of Uber Technologies by 142.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 79,070 shares of the ride-sharing company’s stock worth $5,747,000 after purchasing an additional 46,449 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UBER has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Monday. Oppenheimer lifted their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday. Loop Capital boosted their target price on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Melius assumed coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $87.81.

Insider Buying and Selling at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Down 0.8 %

Shares of UBER opened at $75.16 on Tuesday. The business’s 50 day moving average is $70.41 and its 200 day moving average is $70.57. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The company has a market capitalization of $157.91 billion, a PE ratio of 121.23, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter last year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 1.04 earnings per share 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.