Advisors Asset Management Inc. Increases Holdings in Uber Technologies, Inc. $UBER

Advisors Asset Management Inc. increased its position in Uber Technologies, Inc. (NYSE:UBER) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,058 shares of the ride-sharing company’s stock after buying an additional 28,463 shares during the quarter. Advisors Asset Management Inc.’s holdings in Uber Technologies were worth $20,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. West Oak Capital LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at $28,000. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies in the second quarter worth $30,000. Vision Financial Markets LLC purchased a new stake in Uber Technologies during the first quarter valued at about $27,000. Truvestments Capital LLC grew its stake in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC increased its holdings in shares of Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Barclays dropped their price objective on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. UBS Group set a $122.00 target price on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Cowen reissued a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Finally, Guggenheim lowered their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $108.26.

Insiders Place Their Bets

In other news, insider Tony West sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was 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 of the company’s stock, valued at $16,037,833.50. The trade was a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 567,625 shares of company stock worth $55,385,660. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

UBER opened at $83.76 on Tuesday. The stock has a fifty day simple moving average of $94.51 and a two-hundred day simple moving average of $91.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The company has a market cap of $174.04 billion, a price-to-earnings ratio of 10.77 and a beta of 1.46. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 EPS. Research analysts predict that Uber Technologies, Inc. will post 2.54 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.