Cary Street Partners Financial LLC Grows Stock Holdings in Uber Technologies, Inc. $UBER

Cary Street Partners Financial LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 60.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 60,638 shares of the ride-sharing company’s stock after buying an additional 22,943 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Uber Technologies were worth $5,658,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Uber Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after acquiring an additional 3,025,483 shares during the last quarter. Geode Capital Management LLC increased its stake in Uber Technologies by 2.6% during the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after acquiring an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. purchased a new stake in Uber Technologies during the first quarter valued at approximately $2,207,743,000. Norges Bank bought a new stake in shares of Uber Technologies in the 2nd quarter valued at approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC boosted its holdings in shares of Uber Technologies by 334,075.7% in the 2nd 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 purchasing an additional 19,967,705 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 0.3%

NYSE UBER opened at $91.25 on Monday. The stock has a market cap of $189.60 billion, a PE ratio of 11.73 and a beta of 1.19. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The company’s 50-day moving average price is $92.80 and its 200-day moving average price is $91.84. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion during 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%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UBER. Wells Fargo & Company decreased their price target on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. DA Davidson boosted their price objective on shares of Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. TD Cowen raised their target price on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $108.00 price target on shares of Uber Technologies in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus set a $122.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.74.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 567,625 shares of company stock worth $55,385,660. Company insiders own 3.70% of the company’s stock.

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.