Lingotto Investment Management LLP Has $5.01 Million Stock Holdings in Uber Technologies, Inc. $UBER

Lingotto Investment Management LLP decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,700 shares of the ride-sharing company’s stock after selling 14,313 shares during the quarter. Lingotto Investment Management LLP’s holdings in Uber Technologies were worth $5,010,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. boosted its position in shares of Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Atticus Wealth Management LLC raised its stake in Uber Technologies by 39.8% during the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 127 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its stake in Uber Technologies by 4.4% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock valued at $285,000 after purchasing an additional 129 shares during the last quarter. Clearstead Trust LLC boosted its holdings in Uber Technologies by 0.5% in the 2nd quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock valued at $2,424,000 after purchasing an additional 130 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its position in Uber Technologies by 0.7% in the 2nd 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. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research reports. TD Cowen boosted their price objective on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. DA Davidson boosted their price target on Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Sanford C. Bernstein lifted their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Finally, Truist Financial boosted their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $109.19.

Uber Technologies Trading Up 0.3%

UBER stock opened at $90.95 on Friday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $92.94 and its 200-day moving average is $91.82. The firm has a market cap of $188.98 billion, a P/E ratio of 11.69 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 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 for the quarter, compared to analyst estimates of $13.25 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. The trade was a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 567,625 shares of company stock valued at $55,385,660. 3.84% of the stock is owned by insiders.

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.