Uber Technologies, Inc. $UBER Shares Purchased by Allianz SE

Allianz SE boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 118.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,009 shares of the ride-sharing company’s stock after acquiring an additional 141,778 shares during the quarter. Allianz SE’s holdings in Uber Technologies were worth $24,352,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the 1st quarter valued at $27,000. West Oak Capital LLC purchased a new position in Uber Technologies in the second quarter valued at $28,000. Truvestments Capital LLC raised its position in shares of Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of Uber Technologies during the 2nd quarter worth about $30,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Uber Technologies during the 1st quarter valued at about $31,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Uber Technologies stock opened at $93.56 on Thursday. The company has a fifty day simple moving average of $95.50 and a 200-day simple moving average of $91.56. The firm has a market capitalization of $194.40 billion, a price-to-earnings ratio of 12.03 and a beta of 1.46. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBER) last posted its earnings results 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 company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Truist Financial upped their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th. Susquehanna reissued a “positive” rating and issued a $110.00 price target on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.26.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 3,125 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00. Following the transaction, the insider owned 172,846 shares of the company’s stock, valued at approximately $16,074,678. The trade was a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is currently owned by insiders.

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.