Sei Investments Co. Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Sei Investments Co. increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 36.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,588,065 shares of the ride-sharing company’s stock after purchasing an additional 695,915 shares during the period. Sei Investments Co. owned approximately 0.12% of Uber Technologies worth $188,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its position in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the last quarter. WR Wealth Planners LLC grew its holdings in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares during the period. J.Safra Asset Management Corp purchased a new stake in Uber Technologies during the first quarter valued at $32,000. Finally, MCF Advisors LLC lifted its holdings in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 405 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 in the company, valued at approximately $9,169,344. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 1.8 %

Shares of UBER opened at $73.94 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $154.50 billion, a price-to-earnings ratio of 119.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The business’s 50 day simple moving average is $69.60 and its 200-day simple moving average is $70.77.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the previous year, the business posted $0.18 earnings per share. Uber Technologies’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, August 7th. Cantor Fitzgerald assumed 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 for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research report on Tuesday, July 30th. JMP Securities boosted their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Finally, Roth Mkm raised their target price on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.60.

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.