Ensign Peak Advisors Inc Has $461.09 Million Position in Uber Technologies, Inc. $UBER

Ensign Peak Advisors Inc cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.0% during the 2nd quarter, Holdings Channel reports. The fund owned 4,942,046 shares of the ride-sharing company’s stock after selling 101,044 shares during the period. Uber Technologies comprises approximately 0.8% of Ensign Peak Advisors Inc’s investment portfolio, making the stock its 17th largest position. Ensign Peak Advisors Inc’s holdings in Uber Technologies were worth $461,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the second quarter valued at about $28,000. Truvestments Capital LLC increased its position in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in Uber Technologies in the 2nd quarter valued at about $30,000. Finally, Ransom Advisory Ltd bought a new stake in Uber Technologies during the 1st quarter worth approximately $31,000. 80.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider directly 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the transaction, the insider owned 174,135 shares in the company, valued at $16,037,833.50. This represents a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 602,000 shares of company stock worth $58,695,660 over the last three months. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 1.7%

Shares of NYSE UBER opened at $89.28 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The company has a market cap of $185.50 billion, a P/E ratio of 11.48 and a beta of 1.46. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The business has a 50-day simple moving average of $95.27 and a two-hundred day simple moving average of $91.92.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business earned $1.20 earnings per share. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Susquehanna reaffirmed a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. TD Cowen lifted their price target on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Wedbush decreased their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.26.

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.