TD Asset Management Inc Reduces Position in Uber Technologies, Inc. (NYSE:UBER)

TD Asset Management Inc cut its position in Uber Technologies, Inc. (NYSE:UBER) by 24.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,684,345 shares of the ride-sharing company’s stock after selling 556,894 shares during the period. TD Asset Management Inc owned 0.08% of Uber Technologies worth $122,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after buying an additional 3,623,951 shares in the last quarter. Capital World Investors boosted its holdings in shares of Uber Technologies by 0.7% in the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after buying an additional 283,802 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after buying an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after purchasing an additional 9,996,508 shares during the period. Finally, Norges Bank acquired a new stake in Uber Technologies during the 4th quarter worth $1,415,778,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $71.27 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $69.58 and a two-hundred day moving average price of $71.32. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The company has a market capitalization of $149.73 billion, a P/E ratio of 114.95, a price-to-earnings-growth ratio of 1.31 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period last year, the company earned $0.18 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts expect that Uber Technologies, Inc. will post 1.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on UBER shares. Cantor Fitzgerald started coverage on shares of Uber Technologies in a research note on Thursday. They set an “overweight” rating and a $90.00 price target for the company. Roth Mkm increased their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Truist Financial increased their price target on shares of Uber Technologies from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. TD Cowen increased their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $87.60.

About Uber Technologies

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.