First Trust Direct Indexing L.P. Buys 14,390 Shares of Uber Technologies, Inc. (NYSE:UBER)

First Trust Direct Indexing L.P. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 54.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,963 shares of the ride-sharing company’s stock after buying an additional 14,390 shares during the period. First Trust Direct Indexing L.P.’s holdings in Uber Technologies were worth $3,154,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. raised its stake in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the period. CVA Family Office LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $30,000. Highlander Capital Management LLC raised its stake in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the period. Bfsg LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $31,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 174 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.9 %

Shares of Uber Technologies stock traded up $0.63 on Thursday, hitting $71.30. The stock had a trading volume of 7,869,781 shares, compared to its average volume of 15,031,445. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The stock has a market cap of $148.98 billion, a price-to-earnings ratio of 115.00, a PEG ratio of 1.54 and a beta of 1.36. The stock’s 50-day simple moving average is $67.98 and its two-hundred day simple moving average is $69.96.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on UBER. Moffett Nathanson reaffirmed a “buy” rating and set a $92.00 price target on shares of Uber Technologies in a research note on Thursday, April 11th. Wells Fargo & Company increased their price objective on Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Tuesday, May 28th. DA Davidson reissued a “buy” rating and issued a $81.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.41.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold a total of 635,984 shares of company stock worth $42,258,297 over the last quarter. Corporate insiders own 3.80% of the company’s stock.

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.