Diversified Trust Co Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Diversified Trust Co bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, Holdings Channel.com reports. The fund bought 15,110 shares of the ride-sharing company’s stock, valued at approximately $1,136,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC increased its position in Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after purchasing an additional 1,383 shares during the period. Samlyn Capital LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $134,987,000. Brookstone Capital Management grew its holdings in shares of Uber Technologies by 19.0% in the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after acquiring an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Uber Technologies by 26.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after acquiring an additional 8,614 shares during the period. Finally, DSM Capital Partners LLC grew its holdings in shares of Uber Technologies by 2.2% in the 2nd quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock worth $163,775,000 after acquiring an additional 47,824 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial upped their price target on Uber Technologies from $88.00 to $99.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson upped their price target on Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Morgan Stanley upped their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Finally, Roth Mkm upped their target price on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.11.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 2.1 %

NYSE:UBER opened at $76.17 on Wednesday. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The firm has a market capitalization of $160.03 billion, a PE ratio of 122.85, a price-to-earnings-growth ratio of 1.34 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50-day moving average is $71.50 and its two-hundred day moving average is $70.41.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

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.