LSV Asset Management Takes Position in Uber Technologies, Inc. $UBER

LSV Asset Management acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,260 shares of the ride-sharing company’s stock, valued at approximately $211,000.

Several other large investors also recently added to or reduced their stakes in UBER. Dorsey & Whitney Trust CO LLC increased its position in Uber Technologies by 0.7% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 18,883 shares of the ride-sharing company’s stock worth $1,762,000 after purchasing an additional 132 shares during the last quarter. Sierra Capital LLC purchased a new stake in Uber Technologies in the second quarter valued at $579,000. Integrated Quantitative Investments LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $1,203,000. Western Wealth Management LLC grew its holdings in shares of Uber Technologies by 74.0% during the 2nd quarter. Western Wealth Management LLC now owns 25,516 shares of the ride-sharing company’s stock worth $2,381,000 after purchasing an additional 10,854 shares during the period. Finally, Alberta Investment Management Corp acquired a new stake in shares of Uber Technologies during the 2nd quarter worth about $7,193,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the 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 directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 570,750 shares of company stock worth $55,682,535 over the last 90 days. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $83.81 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 company has a market cap of $174.14 billion, a price-to-earnings ratio of 10.77 and a beta of 1.46. The stock’s 50-day moving average is $94.81 and its two-hundred day moving average is $91.85. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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 business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter last year, the business posted $1.20 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UBER. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Truist Financial boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Barclays lowered their price objective on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

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.