Dakota Wealth Management Increases Holdings in Uber Technologies, Inc. $UBER

Dakota Wealth Management lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,861 shares of the ride-sharing company’s stock after purchasing an additional 10,408 shares during the period. Dakota Wealth Management’s holdings in Uber Technologies were worth $5,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Uber Technologies by 3.2% during the 1st 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 period. Pershing Square Capital Management L.P. purchased a new position in Uber Technologies in the first quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC grew its holdings in Uber Technologies by 334,075.7% during 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 purchasing an additional 19,967,705 shares during the period. Northern Trust Corp increased its position in 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 worth $1,401,873,000 after buying an additional 720,122 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Uber Technologies by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock worth $995,801,000 after buying an additional 394,157 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 604,571 shares of company stock valued at $58,920,741. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 0.2%

Shares of Uber Technologies stock opened at $97.60 on Friday. The company’s 50-day moving average price is $93.13 and its 200-day moving average price is $85.95. 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 $101.99. The company has a market cap of $203.55 billion, a price-to-earnings ratio of 16.63 and a beta of 1.43.

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

Analyst Ratings Changes

A number of research analysts have recently commented on UBER shares. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. JPMorgan Chase & Co. upped 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. Stifel Nicolaus increased their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Susquehanna boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada upped their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.06.

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.