Advisory Services Network LLC Purchases 31,738 Shares of Uber Technologies, Inc. $UBER

Advisory Services Network LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 49.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,215 shares of the ride-sharing company’s stock after purchasing an additional 31,738 shares during the quarter. Advisory Services Network LLC’s holdings in Uber Technologies were worth $8,443,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after acquiring an additional 3,025,483 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Uber Technologies by 2.6% in the second 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 period. Pershing Square Capital Management L.P. purchased a new position in shares of Uber Technologies in the first 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 lifted its holdings in Uber Technologies by 334,075.7% during 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. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction that occurred 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 directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider directly owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 267,625 shares of company stock worth $26,774,660 over the last ninety days. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays decreased their price target on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a report on Monday, December 8th. BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, November 4th. Erste Group Bank downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, TD Cowen upped their price target on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Uber Technologies Stock Down 0.4%

Shares of NYSE:UBER opened at $85.13 on Monday. The firm has a fifty day moving average of $91.78 and a 200 day moving average of $91.80. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week 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 firm has a market capitalization of $176.88 billion, a PE ratio of 10.94 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last issued its quarterly 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. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.