University of Texas Texas AM Investment Management Co. Has $2.23 Million Position in Uber Technologies, Inc. (NYSE:UBER)

University of Texas Texas AM Investment Management Co. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 31.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,634 shares of the ride-sharing company’s stock after buying an additional 7,399 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Uber Technologies were worth $2,226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 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. Sivia Capital Partners LLC boosted its position in Uber Technologies by 3.3% during the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after purchasing an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC grew its stake in 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 valued at $212,000 after purchasing an additional 159 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its position in Uber Technologies by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after purchasing an additional 160 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of Uber Technologies by 6.6% during the 1st quarter. Quent Capital LLC now owns 2,732 shares of the ride-sharing company’s stock valued at $210,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’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 transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value 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 approximately $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated 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 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.

Analyst Ratings Changes

A number of equities analysts recently commented on UBER shares. Wolfe Research started coverage on Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price objective on the stock. 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 30th. 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, Truist Financial restated a “buy” rating and set a $88.00 target price on shares of Uber Technologies in a report on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.81.

Uber Technologies Stock Down 1.2 %

Shares of Uber Technologies stock opened at $74.28 on Wednesday. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. 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 company has a market capitalization of $156.06 billion, a P/E ratio of 119.81, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. The business has a 50-day moving average of $70.54 and a two-hundred day moving average of $70.56.

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. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.04 EPS for the current year.

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.