Montag & Caldwell LLC Purchases Shares of 130,147 Uber Technologies, Inc. (NYSE:UBER)

Montag & Caldwell LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 130,147 shares of the ride-sharing company’s stock, valued at approximately $9,459,000. Uber Technologies makes up approximately 1.9% of Montag & Caldwell LLC’s holdings, making the stock its 22nd biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI increased its position in shares of Uber Technologies by 2,129.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 102,609 shares of the ride-sharing company’s stock valued at $7,458,000 after purchasing an additional 98,007 shares during the last quarter. One Capital Management LLC increased its holdings in Uber Technologies by 26.2% in the second quarter. One Capital Management LLC now owns 3,489 shares of the ride-sharing company’s stock valued at $254,000 after buying an additional 725 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in Uber Technologies by 278.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 45,059 shares of the ride-sharing company’s stock valued at $3,275,000 after buying an additional 33,142 shares in the last quarter. Menard Financial Group LLC lifted its holdings in Uber Technologies by 39.9% during the 2nd quarter. Menard Financial Group LLC now owns 25,119 shares of the ride-sharing company’s stock worth $1,826,000 after buying an additional 7,163 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Uber Technologies by 13.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,798,884 shares of the ride-sharing company’s stock worth $203,401,000 after acquiring an additional 341,312 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Up 6.4 %

Shares of UBER stock opened at $72.48 on Monday. The stock has a market cap of $151.45 billion, a P/E ratio of 116.90, a P/E/G ratio of 1.21 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The business has a fifty day simple moving average of $69.41 and a 200-day simple moving average of $70.89.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. On average, analysts forecast that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UBER shares. Oppenheimer restated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Wells Fargo & Company restated an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a report on Friday. Citigroup boosted their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Bank of America reaffirmed a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a report on Friday, August 23rd. Finally, DA Davidson boosted their target price on Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $87.60.

Insider Activity at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.84% of the stock is owned by corporate insiders.

Uber Technologies 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.