MJP Associates Inc. ADV Has $747,000 Stock Position in Uber Technologies, Inc. $UBER

MJP Associates Inc. ADV cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 8,005 shares of the ride-sharing company’s stock after selling 1,571 shares during the quarter. MJP Associates Inc. ADV’s holdings in Uber Technologies were worth $747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in UBER. Hilltop National Bank acquired a new stake in Uber Technologies during the second quarter worth approximately $96,000. American Capital Advisory LLC boosted its holdings in shares of Uber Technologies by 47.8% during the 2nd quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock worth $1,213,000 after buying an additional 4,204 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Uber Technologies by 50.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock worth $51,133,000 after buying an additional 183,085 shares during the period. Geode Capital Management LLC increased its stake in shares of Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after acquiring an additional 1,168,288 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of 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 acquiring an additional 91,362 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $91.56 on Friday. The company has a market cap of $190.24 billion, a PE ratio of 11.77 and a beta of 1.46. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The business has a 50 day moving average price of $95.50 and a 200-day moving average price of $91.66. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research analyst reports. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Raymond James Financial upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Thursday, August 7th. Truist Financial increased their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. BMO Capital Markets reduced their target price on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada set a $110.00 price target on Uber Technologies in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.26.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm’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 transaction, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 100,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders sold 598,875 shares of company stock valued at $58,407,848 over the last quarter. 3.84% of the stock is owned by insiders.

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.