No Street GP LP Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

No Street GP LP grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 238.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,525,000 shares of the ride-sharing company’s stock after purchasing an additional 1,075,000 shares during the period. Uber Technologies makes up about 6.1% of No Street GP LP’s portfolio, making the stock its 4th biggest position. No Street GP LP’s holdings in Uber Technologies were worth $91,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock worth $10,903,846,000 after purchasing an additional 2,364,525 shares during the period. Capital Research Global Investors grew its stake in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock worth $2,621,929,000 after buying an additional 1,061,088 shares during the period. Capital World Investors lifted its stake in shares of Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company’s stock worth $1,831,021,000 after acquiring an additional 2,792,039 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,904 shares of company stock valued at $6,027,619 in the last three months. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UBER has been the topic of a number of recent analyst reports. Bank of America increased their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. KGI Securities reissued a “neutral” rating and issued a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Wells Fargo & Company lifted their price objective on Uber Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, Evercore ISI lowered their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.69.

Uber Technologies Stock Performance

NYSE UBER opened at $91.69 on Wednesday. The firm has a market capitalization of $191.74 billion, a P/E ratio of 20.11, a PEG ratio of 0.89 and a beta of 1.43. The stock has a 50-day simple moving average of $75.29 and a two-hundred day simple moving average of $71.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $92.17.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the business earned ($0.32) earnings per share. Uber Technologies’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.