M Holdings Securities Inc. Grows Stake in Uber Technologies, Inc. $UBER

M Holdings Securities Inc. raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 69.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,884 shares of the ride-sharing company’s stock after buying an additional 8,529 shares during the quarter. M Holdings Securities Inc.’s holdings in Uber Technologies were worth $1,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kilter Group LLC purchased a new position in shares of Uber Technologies during the second quarter valued at about $26,000. West Oak Capital LLC bought a new stake in Uber Technologies during the 2nd quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the 2nd quarter valued at approximately $30,000. Truvestments Capital LLC grew its holdings in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the period. Finally, REAP Financial Group LLC raised its position in shares of Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UBER. Truist Financial lifted their price target on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $109.19.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $90.95 on Friday. The business has a fifty day moving average price of $92.94 and a 200-day moving average price of $91.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $188.98 billion, a PE ratio of 11.69 and a beta of 1.19. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $1.20 EPS. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the sale, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total transaction of $287,812.50. Following the completion of the transaction, the insider owned 174,135 shares of the company’s stock, valued at approximately $16,037,833.50. The trade was a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 567,625 shares of company stock worth $55,385,660 over the last 90 days. 3.84% of the stock is currently owned by insiders.

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.