Skandinaviska Enskilda Banken AB publ Purchases 14,121 Shares of Uber Technologies, Inc. (NYSE:UBER)

Skandinaviska Enskilda Banken AB publ grew its position in Uber Technologies, Inc. (NYSE:UBER) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 381,485 shares of the ride-sharing company’s stock after buying an additional 14,121 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Uber Technologies were worth $27,772,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Roth Mkm increased 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. The Goldman Sachs Group boosted their price target on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Piper Sandler increased their price objective on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $87.60.

Uber Technologies Trading Down 1.8 %

Shares of Uber Technologies stock opened at $73.94 on Friday. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a market capitalization of $154.50 billion, a price-to-earnings ratio of 119.26, a P/E/G ratio of 1.27 and a beta of 1.33. The business has a fifty day simple moving average of $69.60 and a two-hundred day simple moving average of $70.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) 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 firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same period last year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts forecast that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly 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 is accessible through this link. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s 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 sale, 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 is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the 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 transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

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.