Campbell Capital Management Inc. Acquires New Stake in Uber Technologies, Inc. $UBER

Campbell Capital Management Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, HoldingsChannel.com reports. The fund bought 30,047 shares of the ride-sharing company’s stock, valued at approximately $2,803,000. Uber Technologies accounts for 1.1% of Campbell Capital Management Inc.’s portfolio, making the stock its 25th biggest position.

A number of other large investors have also recently made changes to their positions in the stock. Pershing Square Capital Management L.P. acquired a new stake in Uber Technologies in the first quarter valued at approximately $2,207,743,000. Norges Bank purchased a new position in Uber Technologies during the 2nd quarter worth approximately $2,348,319,000. Kingstone Capital Partners Texas LLC boosted its holdings in Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares during the last quarter. Vanguard Group Inc. grew its holdings in Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after acquiring an additional 3,025,483 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Uber Technologies by 105.9% in the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock valued at $506,618,000 after purchasing an additional 2,807,967 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 0.4%

UBER stock opened at $85.13 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The company has a fifty day moving average price of $91.78 and a 200 day moving average price of $91.78. The company has a market cap of $176.88 billion, a price-to-earnings ratio of 10.94 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the transaction, the chief executive officer directly owned 982,544 shares in the company, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 267,625 shares of company stock valued at $26,774,660 in the last three months. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on UBER shares. Guggenheim dropped their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $108.00 price target on shares of Uber Technologies in a research report on Wednesday, October 29th. DA Davidson lifted their target price on shares of Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Cantor Fitzgerald increased their target price on shares of Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

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.