Evolution Wealth Advisors LLC Buys New Stake in Uber Technologies, Inc. $UBER

Evolution Wealth Advisors LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, HoldingsChannel reports. The fund bought 2,611 shares of the ride-sharing company’s stock, valued at approximately $244,000.

A number of other institutional investors also recently made changes to their positions in UBER. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Uber Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after purchasing an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. purchased a new stake in shares of Uber Technologies during the first quarter worth about $2,207,743,000. Kingstone Capital Partners Texas LLC raised its position in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Uber Technologies by 3.9% in the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock valued at $1,401,873,000 after buying an additional 720,122 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

UBER stock opened at $91.73 on Friday. The company has a market cap of $190.59 billion, a PE ratio of 11.79 and a beta of 1.46. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $95.49 and a two-hundred day moving average price of $91.56. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

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

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 598,875 shares of company stock valued at $58,407,848. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Sanford C. Bernstein lifted their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a report on Tuesday. UBS Group set a $122.00 target price on Uber Technologies and gave the company a “buy” rating in a research note on Wednesday, November 5th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Finally, Mizuho initiated coverage on Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.26.

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.