Uber Technologies, Inc. $UBER Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,001 shares of the ride-sharing company’s stock after acquiring an additional 4,986 shares during the period. New York Life Investment Management LLC’s holdings in Uber Technologies were worth $26,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of UBER. Nova Wealth Management Inc. lifted its position in Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 125 shares during the last quarter. Atticus Wealth Management LLC raised its holdings in shares of Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 127 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of Uber Technologies by 1.3% in the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock valued at $798,000 after buying an additional 136 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of Uber Technologies by 18.6% in the second quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company’s stock valued at $82,000 after buying an additional 137 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Uber Technologies by 42.1% in the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock valued at $34,000 after buying an additional 138 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 2.6%

NYSE UBER opened at $96.47 on Tuesday. The stock has a market capitalization of $201.18 billion, a P/E ratio of 16.43 and a beta of 1.48. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The firm has a 50-day moving average price of $95.48 and a 200 day moving average price of $89.84. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,946 shares of company stock valued at $58,950,116 over the last ninety days. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. KeyCorp upped their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Raymond James Financial upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Thursday, August 7th. Barclays reaffirmed an “overweight” rating and issued a $110.00 target price (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Finally, Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.91.

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.