Bessemer Group Inc. Acquires 13,592 Shares of Uber Technologies, Inc. $UBER

Bessemer Group Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 41.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 46,008 shares of the ride-sharing company’s stock after purchasing an additional 13,592 shares during the quarter. Bessemer Group Inc.’s holdings in Uber Technologies were worth $4,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Brighton Jones LLC boosted its stake in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after acquiring an additional 641 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Uber Technologies by 9.6% during the 1st quarter. Ameritas Advisory Services LLC now owns 8,679 shares of the ride-sharing company’s stock worth $632,000 after acquiring an additional 758 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in shares of Uber Technologies by 15.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 8,374 shares of the ride-sharing company’s stock worth $610,000 after acquiring an additional 1,143 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares of the company’s stock, valued at $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 604,946 shares of company stock worth $58,950,116 over the last 90 days. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $95.63 on Thursday. The business has a fifty day moving average of $95.52 and a 200 day moving average of $90.17. The stock has a market cap of $199.43 billion, a P/E ratio of 16.29 and a beta of 1.48. 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, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Uber Technologies in a report on Tuesday, October 21st. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Guggenheim raised Uber Technologies to a “strong-buy” rating in a research note on Wednesday, October 15th. Morgan Stanley reissued an “overweight” rating and set a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Needham & Company LLC increased their price target on Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $106.18.

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.