Plato Investment Management Ltd Grows Stock Holdings in Uber Technologies, Inc. $UBER

Plato Investment Management Ltd increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 43.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 52,136 shares of the ride-sharing company’s stock after acquiring an additional 15,666 shares during the period. Plato Investment Management Ltd’s holdings in Uber Technologies were worth $4,846,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new stake in Uber Technologies in the 2nd quarter valued at approximately $96,000. Teacher Retirement System of Texas boosted its holdings in Uber Technologies by 50.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock valued at $51,133,000 after purchasing an additional 183,085 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in 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 purchasing an additional 91,362 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in Uber Technologies by 42.7% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock valued at $70,822,000 after purchasing an additional 226,960 shares in the last quarter. Finally, Kapstone Financial Advisors LLC purchased a new stake in Uber Technologies in the 2nd quarter valued at approximately $415,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.2%

Shares of Uber Technologies stock opened at $96.71 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a market capitalization of $201.68 billion, a P/E ratio of 16.48 and a beta of 1.48. The business has a 50 day moving average price of $95.56 and a 200 day moving average price of $90.50.

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

Insider Activity

In related news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. The trade was a 36.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. This represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Uber Technologies in a report on Wednesday. UBS Group boosted their price target on Uber Technologies from $117.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Bank of America boosted their price target on Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, Piper Sandler boosted their price target on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.82.

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.