Prudential PLC Acquires 29,359 Shares of Uber Technologies, Inc. $UBER
Prudential PLC increased its holdings in Uber Technologies by 15.7% in Q2, purchasing an additional 29,359 shares, now owning 216,855 shares worth $20.23 million. Other institutional investors also adjusted their stakes. Analysts have set new price targets for Uber, with a consensus rating of 'Moderate Buy' and a target price of $108.26. Insiders sold 602,000 shares worth $58.7 million in the last 90 days. Uber's stock opened at $89.28, with a market cap of $185.5 billion.
Prudential PLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,855 shares of the ride-sharing company's stock after purchasing an additional 29,359 shares during the period. Prudential PLC's holdings in Uber Technologies were worth $20,233,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. West Oak Capital LLC purchased a new position in shares of Uber Technologies in the second quarter worth $28,000. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies in the 2nd quarter valued at $30,000. Vision Financial Markets LLC bought a new stake in Uber Technologies in the 1st quarter valued at $27,000. Truvestments Capital LLC lifted its stake in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 339 shares in the last quarter. Finally, REAP Financial Group LLC boosted its holdings in shares of Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company's stock valued at $38,000 after purchasing an additional 250 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on UBER shares. Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. Wedbush cut their price target on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Susquehanna reaffirmed a "positive" rating and set a $110.00 price objective on shares of Uber Technologies in a report on Wednesday, November 5th. Cantor Fitzgerald increased their target price on Uber Technologies from $107.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus set a $122.00 target price on shares of Uber Technologies in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $108.26.
- Uber Stock Pullback Looks Like a Clear Buying Opportunity
Check Out Our Latest Report on UBER
Insider Activity
In other 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 value of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total transaction of $287,812.50. Following the transaction, the insider directly owned 174,135 shares of the company's stock, valued at approximately $16,037,833.50. This represents a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 602,000 shares of company stock worth $58,695,660. Insiders own 3.84% of the company's stock.
Uber Technologies Price Performance
- Uber Is Crushing Lyft—And It’s Not Even Close
Shares of Uber Technologies stock opened at $89.28 on Thursday. The stock has a market cap of $185.50 billion, a price-to-earnings ratio of 11.48 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day moving average price of $95.27 and a 200-day moving average price of $91.92. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99.
Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.Uber Technologies's quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 EPS. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.
Uber Technologies Company Profile
(Free Report)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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