Uber Technologies, Inc. $UBER Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 139,022 shares of the ride-sharing company’s stock after buying an additional 20,091 shares during the quarter. Prospera Financial Services Inc’s holdings in Uber Technologies were worth $12,970,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Pershing Square Capital Management L.P. purchased a new position in shares of Uber Technologies in the 1st quarter valued at $2,207,743,000. Kingstone Capital Partners Texas LLC raised its position in Uber Technologies by 334,075.7% in 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. Pacer Advisors Inc. lifted its stake in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Uber Technologies by 105.9% during the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock valued at $506,618,000 after buying an additional 2,807,967 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $92.03 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The business has a 50 day simple moving average of $95.46 and a 200-day simple moving average of $91.09. The company has a market capitalization of $191.21 billion, a price-to-earnings ratio of 11.83 and a beta of 1.46.

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

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the sale, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 604,946 shares of company stock valued at $58,950,116. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UBER shares. Royal Bank Of Canada set a $110.00 price objective on shares of Uber Technologies in a research report on Wednesday. Susquehanna reaffirmed a “positive” rating and set a $110.00 price target on shares of Uber Technologies in a report on Wednesday. Guggenheim dropped their price target on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday. DA Davidson boosted their price objective on shares of Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $108.26.

Uber Technologies 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.