Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,629 shares of the ride-sharing company’s stock after purchasing an additional 6,594 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Uber Technologies were worth $4,106,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GHP Investment Advisors Inc. increased its holdings in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares during the last quarter. WR Wealth Planners LLC boosted its stake in shares of Uber Technologies by 563.9% in the 2nd 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 period. J.Safra Asset Management Corp purchased a new position in Uber Technologies in the first quarter worth approximately $32,000. MCF Advisors LLC grew its stake 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 purchasing an additional 405 shares in the last quarter. Finally, Founders Capital Management acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on UBER shares. Evercore ISI increased their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company restated an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a research note on Friday, September 13th. Citigroup boosted their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Truist Financial increased their price target on shares of Uber Technologies from $88.00 to $99.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, TD Cowen lifted their price objective on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.86.

Uber Technologies Trading Up 0.7 %

NYSE UBER traded up $0.58 during mid-day trading on Wednesday, reaching $79.79. 4,630,093 shares of the stock were exchanged, compared to its average volume of 17,767,807. The stock has a market capitalization of $167.63 billion, a PE ratio of 87.04, a PEG ratio of 1.33 and a beta of 1.33. 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, Inc. has a 1-year low of $42.20 and a 1-year high of $87.00. The business’s fifty day simple moving average is $75.28 and its 200 day simple moving average is $70.81.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 1.1 earnings per share for the current fiscal year.

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.