Geode Capital Management LLC Buys 1,168,288 Shares of Uber Technologies, Inc. $UBER

Geode Capital Management LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.6% in the second quarter, Holdings Channel.com reports. The firm owned 45,859,136 shares of the ride-sharing company’s stock after acquiring an additional 1,168,288 shares during the period. Geode Capital Management LLC’s holdings in Uber Technologies were worth $4,258,756,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hilltop National Bank bought a new position in Uber Technologies in the second quarter valued at approximately $96,000. American Capital Advisory LLC grew its stake in shares of Uber Technologies by 47.8% in the second quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock valued at $1,213,000 after buying an additional 4,204 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Uber Technologies by 50.2% during the second quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock worth $51,133,000 after buying an additional 183,085 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Uber Technologies by 805.4% during the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after acquiring an additional 91,362 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Uber Technologies by 42.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock worth $70,822,000 after acquiring an additional 226,960 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Transactions at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s 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 sale, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 604,946 shares of company stock worth $58,950,116. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 0.5%

Uber Technologies stock opened at $93.59 on Wednesday. The company’s 50-day moving average price is $95.48 and its two-hundred day moving average price is $91.55. 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 stock has a market cap of $194.47 billion, a P/E ratio of 12.03 and a beta of 1.46. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99.

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

Analyst Ratings Changes

A number of research analysts have recently commented on UBER shares. Cowen reissued a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Raymond James Financial raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 7th. TD Cowen boosted their price target on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price objective on Uber Technologies in a research note on Wednesday, November 5th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Company 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.