Quantbot Technologies LP Makes New $1.92 Million Investment in Uber Technologies, Inc. $UBER

Quantbot Technologies LP acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,532 shares of the ride-sharing company’s stock, valued at approximately $1,916,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBER. Brighton Jones LLC boosted its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after buying an additional 6,129 shares in the last quarter. Bison Wealth LLC boosted its stake in Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares during the last quarter. AlphaCore Capital LLC grew its holdings in Uber Technologies by 12.2% during the 1st quarter. AlphaCore Capital LLC now owns 14,095 shares of the ride-sharing company’s stock valued at $1,027,000 after buying an additional 1,529 shares in the last quarter. Finally, Founders Financial Alliance LLC bought a new stake in Uber Technologies in the 1st quarter worth approximately $345,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on UBER. Susquehanna reiterated a “positive” rating and set a $110.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. Truist Financial increased their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. DA Davidson boosted their target price on shares of Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Finally, Royal Bank Of Canada set a $110.00 price target on Uber Technologies in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $108.74.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was 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 of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the transaction, the chief executive officer 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. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 567,625 shares of company stock worth $55,385,660. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $91.25 on Friday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month 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 firm has a 50-day moving average price of $92.80 and a 200-day moving average price of $91.81. The firm has a market capitalization of $189.60 billion, a PE ratio of 11.73 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 EPS. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS 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.