Evelyn Partners Investment Management LLP Has $438,000 Stock Holdings in Uber Technologies, Inc. $UBER

Evelyn Partners Investment Management LLP lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1,098.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,697 shares of the ride-sharing company’s stock after acquiring an additional 4,305 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Uber Technologies were worth $438,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. West Oak Capital LLC acquired a new stake in Uber Technologies during the second quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies during the 2nd quarter worth approximately $30,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies in the 1st quarter valued at $27,000. Truvestments Capital LLC grew its position in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the period. Finally, REAP Financial Group LLC grew its position in Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after acquiring an additional 250 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% 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 the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 570,750 shares of company stock worth $55,682,535 over the last 90 days. Insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UBER. Piper Sandler set a $107.00 price objective on Uber Technologies in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $108.00 price target on shares of Uber Technologies in a report on Wednesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research note on Tuesday, November 4th. Sanford C. Bernstein lifted their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Finally, Guggenheim reduced their target price on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $108.26.

Uber Technologies Price Performance

UBER opened at $83.81 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $174.14 billion, a P/E ratio of 10.77 and a beta of 1.46. The company’s 50 day simple moving average is $94.81 and its 200-day simple moving average is $91.89. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion for 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%.The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.