E Fund Management Co. Ltd. Has $752,000 Position in Uber Technologies, Inc. (NYSE:UBER)

E Fund Management Co. Ltd. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 176.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,352 shares of the ride-sharing company’s stock after acquiring an additional 6,612 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Uber Technologies were worth $752,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC increased its stake in shares of Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after buying an additional 1,383 shares in the last quarter. US Bancorp DE increased its stake in shares of Uber Technologies by 2.5% in the fourth quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock valued at $61,310,000 after buying an additional 24,059 shares in the last quarter. Brookstone Capital Management increased its stake in shares of Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after buying an additional 25,814 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Uber Technologies by 26.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after buying an additional 8,614 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Uber Technologies by 70.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock valued at $959,000 after buying an additional 6,426 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.0 %

Shares of Uber Technologies stock opened at $73.53 on Thursday. The business’s 50 day simple moving average is $69.53 and its 200 day simple moving average is $70.79. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The firm has a market cap of $154.48 billion, a PE ratio of 118.60, a P/E/G ratio of 1.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the firm earned $0.18 EPS. Uber Technologies’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on UBER shares. BMO Capital Markets restated an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Tuesday, July 30th. Morgan Stanley raised their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $97.00 price objective on shares of Uber Technologies in a research report on Friday, September 13th. Bank of America reiterated a “buy” rating and issued a $88.00 price objective on shares of Uber Technologies in a research report on Friday, August 23rd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.60.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’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 value of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Insiders own 3.84% 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.