DekaBank Deutsche Girozentrale Buys 8,288 Shares of Uber Technologies, Inc. $UBER

DekaBank Deutsche Girozentrale grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.9% during the second quarter, HoldingsChannel reports. The firm owned 937,682 shares of the ride-sharing company’s stock after purchasing an additional 8,288 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Uber Technologies were worth $87,179,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of UBER. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies during the first quarter worth about $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its stake in Uber Technologies by 334,075.7% during the second 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 acquiring an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. boosted its stake in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Uber Technologies by 105.9% during the second quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after acquiring an additional 2,807,967 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $93.00, for a total transaction of $290,625.00. Following the sale, the insider directly owned 172,846 shares of the company’s stock, valued at approximately $16,074,678. This represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 604,946 shares of company stock valued at $58,950,116 in the last quarter. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Barclays reaffirmed an “overweight” rating and issued a $110.00 target price (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Raymond James Financial lifted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th. Finally, Stifel Nicolaus lifted their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $105.68.

Uber Technologies Stock Up 1.5%

UBER opened at $93.73 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average price of $95.28 and a 200-day moving average price of $88.93. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The stock has a market capitalization of $195.46 billion, a price-to-earnings ratio of 15.97 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.