First Trust Direct Indexing L.P. Has $4.11 Million Position in Uber Technologies, Inc. (NYSE:UBER)

First Trust Direct Indexing L.P. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 54,629 shares of the ride-sharing company’s stock after purchasing an additional 6,594 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Uber Technologies were worth $4,106,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. increased its stake in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares during the period. WR Wealth Planners LLC grew its holdings in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Uber Technologies in the first quarter worth $32,000. MCF Advisors LLC raised its holdings in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares in the last quarter. Finally, Founders Capital Management acquired a new stake in Uber Technologies during the second quarter valued at $33,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

NYSE:UBER traded up $0.58 during mid-day trading on Wednesday, hitting $79.79. 4,630,093 shares of the stock traded hands, compared to its average volume of 17,767,807. Uber Technologies, Inc. has a 12-month low of $42.20 and a 12-month high of $87.00. 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 market cap of $167.63 billion, a PE ratio of 87.04, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. The business’s 50-day moving average price is $75.28 and its 200 day moving average price is $70.81.

Uber Technologies (NYSE:UBER) last released 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 for 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 business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, analysts expect that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group increased their price objective on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. DA Davidson reiterated a “buy” rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, October 17th. TD Cowen raised their target price on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Jefferies Financial Group boosted their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.86.

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.