Uber Technologies, Inc. $UBER Stake Boosted by 1832 Asset Management L.P.

1832 Asset Management L.P. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.1% during the second quarter, Holdings Channel reports. The firm owned 1,534,866 shares of the ride-sharing company’s stock after buying an additional 152,898 shares during the period. 1832 Asset Management L.P.’s holdings in Uber Technologies were worth $143,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in Uber Technologies in the first quarter valued at $27,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter worth about $28,000. Truvestments Capital LLC lifted its position in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Uber Technologies during the 2nd quarter valued at about $30,000. Finally, Ransom Advisory Ltd bought a new position in Uber Technologies in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $87.64 on Wednesday. The company has a market capitalization of $182.11 billion, a PE ratio of 11.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a fifty day moving average of $93.22 and a 200-day moving average of $91.84. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 567,625 shares of company stock worth $55,385,660. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on UBER. Wells Fargo & Company cut their price target on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Susquehanna restated a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. DA Davidson boosted their price target on Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. Finally, TD Cowen lifted their price objective on shares of Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

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.