9,836 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 9,836 shares of the ride-sharing company’s stock, valued at approximately $757,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 2.2% during the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after acquiring an additional 3,623,951 shares during the last quarter. Capital World Investors increased its holdings in Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after purchasing an additional 283,802 shares during the period. Capital Research Global Investors raised its position in Uber Technologies by 8.2% during the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after purchasing an additional 3,019,431 shares during the last quarter. Norges Bank purchased a new stake in Uber Technologies in the 4th quarter worth approximately $1,415,778,000. Finally, GQG Partners LLC grew its position in shares of Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after buying an additional 9,541,366 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, insider Tony West sold 89,234 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the transaction, the insider now owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold a total of 1,135,984 shares of company stock valued at $78,213,297 in the last 90 days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Down 2.0 %

Shares of Uber Technologies stock traded down $1.34 on Friday, reaching $64.40. The company’s stock had a trading volume of 17,379,446 shares, compared to its average volume of 14,501,722. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The firm’s fifty day simple moving average is $68.58 and its two-hundred day simple moving average is $70.92. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $134.57 billion, a price-to-earnings ratio of 103.87, a P/E/G ratio of 1.44 and a beta of 1.36.

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

Analysts Set New Price Targets

UBER has been the subject of a number of research analyst reports. UBS Group dropped their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, June 5th. Wolfe Research began coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Thursday, May 16th. Finally, Tigress Financial lifted their price objective on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.97.

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.