Montag & Caldwell LLC Makes New $9.46 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

Montag & Caldwell LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 130,147 shares of the ride-sharing company’s stock, valued at approximately $9,459,000. Uber Technologies makes up about 1.9% of Montag & Caldwell LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other large investors have also recently made changes to their positions in UBER. Vanguard Group Inc. raised its position in shares of Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after acquiring an additional 3,623,951 shares during the period. Capital World Investors raised its holdings in Uber Technologies by 0.7% in the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after purchasing an additional 283,802 shares during the period. Capital Research Global Investors boosted its position in Uber Technologies by 8.2% during the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after purchasing an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares during the period. Finally, GQG Partners LLC increased its position in shares of Uber Technologies by 74.1% in the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after buying an additional 9,541,366 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UBER. Wells Fargo & Company reiterated an “overweight” rating and set a $97.00 target price on shares of Uber Technologies in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Wolfe Research started coverage on Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price objective on the stock. Finally, Oppenheimer reiterated an “outperform” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $87.60.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 6.4 %

Shares of UBER stock opened at $72.48 on Monday. The company has a 50-day moving average of $69.41 and a two-hundred day moving average of $70.89. The firm has a market cap of $151.45 billion, a PE ratio of 116.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. 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 (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 5.02% and a return on equity of 17.06%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. On average, analysts predict that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Uber Technologies Company 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.