Uber Technologies, Inc. $UBER Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 61.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 382,687 shares of the ride-sharing company’s stock after purchasing an additional 145,127 shares during the quarter. First Trust Advisors LP’s holdings in Uber Technologies were worth $35,705,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kilter Group LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth $26,000. West Oak Capital LLC purchased a new stake in Uber Technologies during the second quarter valued at about $28,000. Truvestments Capital LLC increased its stake in Uber Technologies by 498.5% during 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 last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies in the 2nd quarter worth about $30,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Uber Technologies in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 3.8%

NYSE:UBER opened at $89.07 on Wednesday. The stock has a market cap of $185.07 billion, a price-to-earnings ratio of 11.45 and a beta of 1.19. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50-day simple moving average is $92.48 and its 200 day simple moving average is $91.88.

Uber Technologies (NYSE:UBER) last posted 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 company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same period in the previous year, the business earned $1.20 EPS. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UBER shares. DA Davidson increased their target price on shares of Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Cowen reissued a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Uber Technologies in a research note on Monday, December 1st. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Finally, UBS Group set a $122.00 price objective on Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, November 5th. Two investment 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. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s 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 of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 567,625 shares of company stock worth $55,385,660. 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.