Castleark Management LLC Buys Shares of 92,080 Uber Technologies, Inc. $UBER

Castleark Management LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 92,080 shares of the ride-sharing company’s stock, valued at approximately $8,591,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after acquiring an additional 3,025,483 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after purchasing an additional 1,168,288 shares in the last quarter. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $2,207,743,000. Norges Bank bought a new position in shares of Uber Technologies during the second quarter worth about $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC grew its stake 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 worth $1,863,545,000 after purchasing an additional 19,967,705 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER 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. The firm has a market capitalization of $176.88 billion, a PE ratio of 10.94 and a beta of 1.19. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The business’s fifty day moving average price is $91.78 and its two-hundred day moving average price is $91.78.

Uber Technologies (NYSE:UBER) last announced 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. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research analyst reports. DA Davidson increased their target price on Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. TD Cowen upped their price target on Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Uber Technologies in a report on Wednesday, October 29th. Royal Bank Of Canada set a $110.00 target price on shares of Uber Technologies in a research note on Wednesday, November 5th. Finally, BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research 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 assigned a Hold rating to the stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 267,625 shares of company stock valued at $26,774,660 in the last ninety days. Company insiders own 3.84% of the company’s stock.

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.