Uber Technologies, Inc. (NYSE:UBER) Position Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 13.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,798,884 shares of the ride-sharing company’s stock after purchasing an additional 341,312 shares during the quarter. Dimensional Fund Advisors LP owned 0.13% of Uber Technologies worth $203,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Wealthspire Advisors LLC lifted its position in Uber Technologies by 0.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after buying an additional 151 shares in the last quarter. Hilltop Holdings Inc. increased its stake in shares of Uber Technologies by 2.9% in the fourth quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock worth $347,000 after acquiring an additional 157 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Uber Technologies by 3.3% in the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after acquiring an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC increased its stake in shares of Uber Technologies by 6.1% in the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after acquiring an additional 159 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. increased its stake in shares of Uber Technologies by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 160 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research reports. Roth Mkm upped their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Bank of America reaffirmed a “buy” rating and issued a $88.00 price target on shares of Uber Technologies in a research note on Friday, August 23rd. Cantor Fitzgerald began coverage on shares of Uber Technologies in a research report on Thursday, September 5th. They set an “overweight” rating and a $90.00 target price on the stock. Wells Fargo & Company reissued an “overweight” rating and set a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. Finally, Piper Sandler increased their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.60.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 2.4 %

UBER stock opened at $75.24 on Friday. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The company has a market cap of $158.07 billion, a PE ratio of 121.35, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. The business’s 50-day simple moving average is $69.57 and its 200 day simple moving average is $70.82. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

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

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.