Douglass Winthrop Advisors LLC Has $168.92 Million Stock Position in Uber Technologies, Inc. $UBER

Douglass Winthrop Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,318,406 shares of the ride-sharing company’s stock after purchasing an additional 66,338 shares during the quarter. Uber Technologies accounts for approximately 3.2% of Douglass Winthrop Advisors LLC’s holdings, making the stock its 8th biggest position. Douglass Winthrop Advisors LLC owned about 0.11% of Uber Technologies worth $168,919,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Sax Wealth Advisors LLC grew its stake in shares of Uber Technologies by 46.6% during the 1st quarter. Sax Wealth Advisors LLC now owns 8,261 shares of the ride-sharing company’s stock valued at $602,000 after purchasing an additional 2,626 shares during the period. Leslie Global Wealth LLC bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $208,000. Allstate Corp grew its stake in shares of Uber Technologies by 22.7% during the 1st quarter. Allstate Corp now owns 68,623 shares of the ride-sharing company’s stock valued at $5,000,000 after purchasing an additional 12,692 shares during the period. Purus Wealth Management LLC bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $284,000. Finally, Circle Wealth Management LLC grew its stake in shares of Uber Technologies by 3.2% during the 1st quarter. Circle Wealth Management LLC now owns 30,260 shares of the ride-sharing company’s stock valued at $2,205,000 after purchasing an additional 942 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 2.6%

Shares of NYSE:UBER opened at $96.7020 on Friday. The stock has a 50 day moving average of $91.08 and a 200 day moving average of $82.81. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The company has a market cap of $201.66 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43.

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

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. Canaccord Genuity Group restated a “hold” rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Wall Street Zen downgraded Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Susquehanna boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Morgan Stanley reiterated an “overweight” rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Finally, JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.82.

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.