Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 62.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,033 shares of the ride-sharing company’s stock after purchasing an additional 13,133 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Uber Technologies were worth $2,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after acquiring an additional 3,623,951 shares in the last quarter. Capital World Investors raised its stake in shares of Uber Technologies by 0.7% during the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after purchasing an additional 283,802 shares during the period. Capital Research Global Investors boosted its stake in shares of Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after purchasing an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares in the last quarter. Finally, GQG Partners LLC increased its stake in Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after buying an additional 9,541,366 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on 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 directly owns 127,352 shares in the company, valued at $9,169,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 40,000 shares of the firm’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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Shares of UBER stock opened at $73.94 on Friday. The business has a 50 day simple moving average of $69.60 and a 200 day simple moving average of $70.72. 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 firm 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 12-month low of $40.09 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS 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 analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on UBER. Wells Fargo & Company reissued an “overweight” rating and issued a $97.00 price objective on shares of Uber Technologies in a research report on Friday, September 13th. Wolfe Research assumed coverage on Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target for the company. BMO Capital Markets restated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Tuesday, July 30th. Melius began coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Four investment 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.60.

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.