West Family Investments Inc. Buys 4,218 Shares of Uber Technologies, Inc. $UBER

West Family Investments Inc. lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 111.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,988 shares of the ride-sharing company’s stock after acquiring an additional 4,218 shares during the period. West Family Investments Inc.’s holdings in Uber Technologies were worth $745,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UBER. Schroder Investment Management Group lifted its stake in shares of Uber Technologies by 13.6% in the second quarter. Schroder Investment Management Group now owns 6,721,113 shares of the ride-sharing company’s stock worth $627,080,000 after buying an additional 807,234 shares during the last quarter. Mackenzie Financial Corp grew its stake in Uber Technologies by 126.1% in the 2nd quarter. Mackenzie Financial Corp now owns 1,210,277 shares of the ride-sharing company’s stock valued at $112,919,000 after buying an additional 675,002 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Uber Technologies by 11.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 434,482 shares of the ride-sharing company’s stock worth $40,485,000 after acquiring an additional 45,192 shares during the period. Virtus Investment Advisers LLC bought a new position in Uber Technologies in the 2nd quarter worth $1,663,000. Finally, Colonial Trust Advisors lifted its position in Uber Technologies by 83.1% during the 2nd quarter. Colonial Trust Advisors now owns 29,999 shares of the ride-sharing company’s stock worth $2,799,000 after acquiring an additional 13,612 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of the company’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 sale, the chief executive officer directly owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. The trade was a 20.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 567,625 shares of company stock valued at $55,385,660. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Up 2.2%

Shares of UBER opened at $87.58 on Friday. 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 company has a 50-day moving average price of $93.68 and a two-hundred day moving average price of $91.88. The stock has a market cap of $181.98 billion, a price-to-earnings ratio of 11.26 and a beta of 1.46. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER) last issued its 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 business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. Equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on UBER. Sanford C. Bernstein increased their target price on Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Stifel Nicolaus set a $122.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Needham & Company LLC restated a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a research report on Tuesday, November 4th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Finally, UBS Group set a $122.00 target price on Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.