Cary Street Partners Financial LLC Increases Stock Holdings in Uber Technologies, Inc. $UBER

Cary Street Partners Financial LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 60.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,638 shares of the ride-sharing company’s stock after purchasing an additional 22,943 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Uber Technologies were worth $5,658,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Uber Technologies by 1.6% during 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 buying an additional 3,025,483 shares during the period. Geode Capital Management LLC boosted its stake in shares of Uber Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after acquiring an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies during the 1st quarter valued at $2,207,743,000. Norges Bank bought a new stake in shares of Uber Technologies during the 2nd quarter valued at $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC increased its stake in shares of Uber Technologies by 334,075.7% in 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 in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. 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. Stifel Nicolaus set a $122.00 price objective on Uber Technologies in a research note on Tuesday, November 4th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Needham & Company LLC reissued a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada set a $110.00 price target on shares of Uber Technologies in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $108.74.

Uber Technologies Stock Up 0.3%

NYSE UBER opened at $91.25 on Monday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. 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 stock has a market cap of $189.60 billion, a PE ratio of 11.73 and a beta of 1.19. The stock’s 50 day moving average is $92.80 and its 200 day moving average is $91.84.

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

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the sale, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. The trade was a 20.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 567,625 shares of company stock valued at $55,385,660. Corporate insiders own 3.70% of the company’s stock.

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.