Paradigm Asset Management Co. LLC Has $2.30 Million Stake in Uber Technologies, Inc. $UBER

Paradigm Asset Management Co. LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 547.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,600 shares of the ride-sharing company’s stock after buying an additional 20,800 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Uber Technologies were worth $2,295,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UBER. Hilltop National Bank bought a new position in Uber Technologies in the 2nd quarter worth $96,000. American Capital Advisory LLC grew its holdings in Uber Technologies by 47.8% in the 2nd quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock valued at $1,213,000 after buying an additional 4,204 shares during the last quarter. Teacher Retirement System of Texas increased its position in Uber Technologies by 50.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock worth $51,133,000 after buying an additional 183,085 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Uber Technologies by 805.4% during the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after buying an additional 91,362 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Uber Technologies by 42.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock worth $70,822,000 after acquiring an additional 226,960 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.1%

Shares of UBER opened at $92.03 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.11 and a current ratio of 1.15. The company has a market cap of $191.21 billion, a price-to-earnings ratio of 11.83 and a beta of 1.46. The stock has a fifty day moving average price of $95.46 and a two-hundred day moving average price of $91.09. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99.

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

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 transaction, the chief financial officer owned 22,528 shares of the company’s stock, valued at $2,239,733.76. This represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction dated 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. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th. Guggenheim decreased their price target on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $108.26.

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.