New York Life Investment Management LLC Acquires 5,726 Shares of Uber Technologies, Inc. (NYSE:UBER)

New York Life Investment Management LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,461 shares of the ride-sharing company’s stock after buying an additional 5,726 shares during the quarter. New York Life Investment Management LLC’s holdings in Uber Technologies were worth $20,965,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its stake in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares in the last quarter. WR Wealth Planners LLC raised its position in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Uber Technologies during the first quarter worth $32,000. MCF Advisors LLC boosted its holdings in shares of Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares in the last quarter. Finally, GW&K Investment Management LLC bought a new position in shares of Uber Technologies in the 4th quarter valued at $33,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated 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 completion of 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 available at this hyperlink. Also, insider Tony West sold 28,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares in the company, valued at $6,851,103.15. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Down 2.3 %

Uber Technologies stock opened at $69.60 on Friday. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s 50-day simple moving average is $69.53 and its 200 day simple moving average is $71.26. The stock has a market cap of $146.23 billion, a PE ratio of 112.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period in the prior year, the company posted $0.18 earnings per share. Uber Technologies’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts predict that Uber Technologies, Inc. will post 1.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on UBER shares. Bank of America reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Uber Technologies in a research note on Friday, August 23rd. DA Davidson upped their price objective on shares of Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Citigroup raised their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Loop Capital upped their price target on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Evercore ISI raised their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $87.60.

About Uber Technologies

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.