Royal London Asset Management Ltd. Buys 23,450 Shares of Uber Technologies, Inc. (NYSE:UBER)

Royal London Asset Management Ltd. boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 814,543 shares of the ride-sharing company’s stock after acquiring an additional 23,450 shares during the period. Royal London Asset Management Ltd.’s holdings in Uber Technologies were worth $59,201,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes 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 valued at $29,000 after purchasing an additional 202 shares during the period. WR Wealth Planners LLC raised its position in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Uber Technologies in the first quarter worth $32,000. MCF Advisors LLC boosted its position in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the last quarter. Finally, GW&K Investment Management LLC purchased a new position in Uber Technologies during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.2 %

Shares of NYSE UBER opened at $68.96 on Wednesday. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The firm has a market capitalization of $144.09 billion, a price-to-earnings ratio of 111.23, a PEG ratio of 1.24 and a beta of 1.33. The stock has a 50 day moving average price of $69.47 and a 200 day moving average price of $71.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the prior year, the business earned $0.18 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies, Inc. will post 1.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. Citigroup increased their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Loop Capital raised their price target on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. DA Davidson upped their price objective on Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Melius Research initiated coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Finally, JMP Securities upped their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.60.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 28,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the sale, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. 3.84% of the stock is owned by 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.