Rathbones Group PLC Has $100.17 Million Stock Position in Uber Technologies, Inc. $UBER

Rathbones Group PLC cut its position in Uber Technologies, Inc. (NYSE:UBER) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,073,588 shares of the ride-sharing company’s stock after selling 35,407 shares during the period. Rathbones Group PLC owned 0.05% of Uber Technologies worth $100,166,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC raised its stake in shares of Uber Technologies by 175.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 36,460 shares of the ride-sharing company’s stock valued at $3,402,000 after acquiring an additional 23,221 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Uber Technologies by 6.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,836,606 shares of the ride-sharing company’s stock worth $357,955,000 after acquiring an additional 235,873 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Uber Technologies by 29.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,160 shares of the ride-sharing company’s stock valued at $668,000 after purchasing an additional 1,609 shares in the last quarter. Aviva PLC increased its holdings in Uber Technologies by 6.5% during the 2nd quarter. Aviva PLC now owns 1,416,592 shares of the ride-sharing company’s stock valued at $132,168,000 after purchasing an additional 86,856 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in Uber Technologies by 16.9% in the 2nd quarter. Prospera Financial Services Inc now owns 139,022 shares of the ride-sharing company’s stock valued at $12,970,000 after purchasing an additional 20,091 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Down 0.1%

Shares of NYSE UBER opened at $92.03 on Friday. The firm has a market capitalization of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The firm’s 50-day moving average is $95.46 and its 200-day moving average is $91.20.

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

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on UBER shares. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday. Wedbush lowered their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Morgan Stanley reiterated an “overweight” rating and set a $115.00 target price (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Piper Sandler set a $107.00 price target on shares of Uber Technologies in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $108.26.

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.