Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 596,528 shares of the ride-sharing company’s stock after purchasing an additional 33,367 shares during the period. Commonwealth Equity Services LLC’s holdings in Uber Technologies were worth $25,752,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Evolutionary Tree Capital Management LLC grew its stake in Uber Technologies by 15.4% during the 2nd quarter. Evolutionary Tree Capital Management LLC now owns 78,216 shares of the ride-sharing company’s stock valued at $3,377,000 after purchasing an additional 10,467 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Uber Technologies by 20.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 34,800 shares of the ride-sharing company’s stock worth $1,502,000 after buying an additional 5,900 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Uber Technologies by 69.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,295,721 shares of the ride-sharing company’s stock worth $55,512,000 after buying an additional 531,600 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of Uber Technologies by 37.1% in the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 12,205 shares of the ride-sharing company’s stock worth $479,000 after buying an additional 3,305 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Uber Technologies by 75.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 5,214 shares of the ride-sharing company’s stock valued at $225,000 after acquiring an additional 2,238 shares during the last quarter. 74.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 100,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $52.84, for a total value of $5,284,000.00. Following the transaction, the chief executive officer now directly owns 1,016,243 shares of the company’s stock, valued at $53,698,280.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $51.40, for a total transaction of $963,750.00. Following the completion of the sale, the insider now directly owns 181,339 shares in the company, valued at approximately $9,320,824.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 100,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $52.84, for a total value of $5,284,000.00. Following the completion of the transaction, the chief executive officer now owns 1,016,243 shares in the company, valued at approximately $53,698,280.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 187,616 shares of company stock worth $9,747,789. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.6 %

Shares of NYSE UBER opened at $54.74 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.91. Uber Technologies, Inc. has a 12 month low of $23.90 and a 12 month high of $55.35. The company has a market cap of $112.65 billion, a price-to-earnings ratio of 111.71 and a beta of 1.23. The business has a fifty day simple moving average of $46.55 and a 200-day simple moving average of $44.36.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBER. DA Davidson restated a “buy” rating and issued a $62.00 target price on shares of Uber Technologies in a research note on Monday, July 31st. Wedbush reaffirmed an “outperform” rating and set a $57.00 target price (up previously from $55.00) on shares of Uber Technologies in a report on Tuesday, November 7th. JMP Securities boosted their price target on Uber Technologies from $57.00 to $62.00 and gave the company a “market outperform” rating in a report on Monday, November 13th. Royal Bank of Canada restated an “outperform” rating and set a $58.00 price objective on shares of Uber Technologies in a research note on Tuesday, September 5th. Finally, Truist Financial reduced their price target on shares of Uber Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Thirty investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Buy” and a consensus target price of $56.44.

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.