Symmetry Investments LP Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Symmetry Investments LP lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 42.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,436 shares of the ride-sharing company’s stock after purchasing an additional 29,756 shares during the period. Uber Technologies comprises 0.8% of Symmetry Investments LP’s portfolio, making the stock its 27th largest holding. Symmetry Investments LP’s holdings in Uber Technologies were worth $7,300,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated 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 directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UBER shares. Bank of America reissued a “buy” rating and issued a $88.00 price objective on shares of Uber Technologies in a research report on Friday, August 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. Morgan Stanley upped their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Truist Financial restated a “buy” rating and issued a $88.00 price objective on shares of Uber Technologies in a report on Friday, September 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research 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 stock. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $87.60.

Uber Technologies Trading Down 1.8 %

Shares of NYSE:UBER opened at $73.94 on Friday. 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. The business’s 50 day moving average price is $69.60 and its 200-day moving average price is $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, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion during 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%. Uber Technologies’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 EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal 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.