Moors & Cabot Inc. Acquires 21,015 Shares of Uber Technologies, Inc. (NYSE:UBER)

Moors & Cabot Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 31.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,792 shares of the ride-sharing company’s stock after buying an additional 21,015 shares during the period. Moors & Cabot Inc.’s holdings in Uber Technologies were worth $6,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wealthspire Advisors LLC boosted its stake in Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after buying an additional 151 shares in the last quarter. Hilltop Holdings Inc. grew its holdings in shares of Uber Technologies by 2.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after purchasing an additional 157 shares during the last quarter. Sivia Capital Partners LLC raised its position in Uber Technologies by 3.3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after purchasing an additional 157 shares during the period. Wellington Shields Capital Management LLC lifted its stake in Uber Technologies by 6.1% in the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after purchasing an additional 159 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its position in Uber Technologies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after buying an additional 160 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent research reports. Roth Mkm boosted their target price on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group increased their price objective on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Melius initiated coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price on the stock. Bank of America reissued a “buy” rating and set a $88.00 price target on shares of Uber Technologies in a research report on Friday, August 23rd. Finally, Loop Capital boosted their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.60.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.52 on Tuesday. The firm has a market cap of $149.44 billion, a P/E ratio of 115.35, a PEG ratio of 1.21 and a beta of 1.33. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $69.42 and a 200 day moving average of $70.83.

Uber Technologies (NYSE:UBER) last posted its quarterly 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. The firm had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. As a group, research analysts expect that Uber Technologies, Inc. will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.