Mesirow Financial Investment Management Inc. Buys 33,142 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mesirow Financial Investment Management Inc. increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 278.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,059 shares of the ride-sharing company’s stock after acquiring an additional 33,142 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Uber Technologies were worth $3,275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Menard Financial Group LLC increased its position in Uber Technologies by 39.9% during the second quarter. Menard Financial Group LLC now owns 25,119 shares of the ride-sharing company’s stock worth $1,826,000 after acquiring an additional 7,163 shares during the period. Dimensional Fund Advisors LP boosted its stake in Uber Technologies by 13.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,798,884 shares of the ride-sharing company’s stock worth $203,401,000 after buying an additional 341,312 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Uber Technologies by 10.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,464,780 shares of the ride-sharing company’s stock worth $615,220,000 after buying an additional 821,508 shares in the last quarter. Black Creek Investment Management Inc. boosted its stake in Uber Technologies by 61.7% during the second quarter. Black Creek Investment Management Inc. now owns 79,005 shares of the ride-sharing company’s stock worth $5,742,000 after buying an additional 30,135 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new stake in Uber Technologies during the second quarter worth $36,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $71.52 on Tuesday. The company has a market capitalization of $149.44 billion, a price-to-earnings ratio of 115.35, a P/E/G ratio of 1.21 and a beta of 1.33. The firm’s 50 day simple moving average is $69.42 and its 200 day simple moving average is $70.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion for 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%. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UBER. Melius began coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Wolfe Research began coverage on shares of Uber Technologies in a research note on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. Truist Financial reiterated a “buy” rating and set a $88.00 price target on shares of Uber Technologies in a research note on Friday, September 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, Citigroup upped their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.60.

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the 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 sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is currently 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.