M Holdings Securities Inc. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) in the 1st quarter, Holdings Channel reports. The firm acquired 12,355 shares of the ride-sharing company’s stock, valued at approximately $900,000.
Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Uber Technologies by 3.2% in 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 in the last quarter. Northern Trust Corp increased its stake in Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock valued at $1,401,873,000 after purchasing an additional 720,122 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock valued at $995,801,000 after purchasing an additional 394,157 shares in the last quarter. Boston Partners increased its stake in Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock valued at $658,686,000 after purchasing an additional 2,749,456 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.
Insider Activity
In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company’s stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Uber Technologies
Uber Technologies Price Performance
Shares of NYSE:UBER opened at $92.64 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $193.19 billion, a PE ratio of 15.78, a P/E/G ratio of 1.06 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71. The company has a 50-day moving average price of $90.19 and a two-hundred day moving average price of $82.08.
Uber Technologies (NYSE:UBER – Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.
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.
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