NatWest Group plc Invests $10.79 Million in Uber Technologies, Inc. $UBER

NatWest Group plc bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the second quarter, Holdings Channel.com reports. The firm bought 115,591 shares of the ride-sharing company’s stock, valued at approximately $10,785,000. Uber Technologies comprises about 3.2% of NatWest Group plc’s investment portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UBER. Hilltop National Bank bought a new position in Uber Technologies in the 2nd quarter valued at approximately $96,000. Geneos Wealth Management Inc. raised its holdings in Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock valued at $7,483,000 after buying an additional 91,362 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in Uber Technologies by 42.7% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock valued at $70,822,000 after buying an additional 226,960 shares during the last quarter. Kapstone Financial Advisors LLC bought a new position in Uber Technologies in the 2nd quarter valued at approximately $415,000. Finally, Northeast Investment Management raised its holdings in Uber Technologies by 168.2% in the 2nd quarter. Northeast Investment Management now owns 91,481 shares of the ride-sharing company’s stock valued at $8,535,000 after buying an additional 57,369 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Raymond James Financial raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th. Wedbush lowered their price target on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Stifel Nicolaus raised their price target on shares of Uber Technologies from $116.00 to $124.00 and gave the stock a “buy” rating in a report on Friday. Finally, Roth Capital raised their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.91.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $93.00, for a total transaction of $290,625.00. Following the sale, the insider directly owned 172,846 shares of the company’s stock, valued at $16,074,678. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 604,946 shares of company stock valued at $58,950,116. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $94.09 on Friday. The company’s 50-day moving average is $95.42 and its 200 day moving average is $89.38. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $196.21 billion, a P/E ratio of 16.03 and a beta of 1.48. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.