Mutual of America Capital Management LLC Has $19.16 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Mutual of America Capital Management LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 263,616 shares of the ride-sharing company’s stock after selling 6,278 shares during the period. Mutual of America Capital Management LLC’s holdings in Uber Technologies were worth $19,160,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the period. Financial Management Professionals Inc. lifted its stake in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares in the last quarter. WR Wealth Planners LLC lifted its position in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Uber Technologies in the first quarter worth $32,000. Finally, MCF Advisors LLC lifted its position in shares of Uber Technologies by 1,038.5% in 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. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on UBER. Melius began coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective on the stock. JMP Securities boosted their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. Oppenheimer reaffirmed an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. Bank of America reaffirmed a “buy” rating and set a $88.00 price target on shares of Uber Technologies in a research report on Friday, August 23rd. Finally, Citigroup upped their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $87.60.

Uber Technologies Price Performance

Shares of UBER stock opened at $72.78 on Wednesday. The stock has a market cap of $152.08 billion, a price-to-earnings ratio of 117.39, a PEG ratio of 1.21 and a beta of 1.33. The business’s fifty day moving average is $69.45 and its 200 day moving average is $70.77. 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.

Uber Technologies (NYSE:UBER) last issued 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 company had revenue of $10.70 billion for 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 firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. Research analysts expect that Uber Technologies, Inc. will post 1.06 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The stock was 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 of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.84% of the company’s stock.

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.