Sirios Capital Management L P Acquires 5,693 Shares of Uber Technologies, Inc. $UBER

Sirios Capital Management L P increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 114.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,676 shares of the ride-sharing company’s stock after acquiring an additional 5,693 shares during the period. Sirios Capital Management L P’s holdings in Uber Technologies were worth $996,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UBER. Brighton Jones LLC boosted its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Bison Wealth LLC lifted its stake in Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after acquiring an additional 641 shares in the last quarter. Cooper Financial Group boosted its holdings in Uber Technologies by 24.1% during the 1st quarter. Cooper Financial Group now owns 4,577 shares of the ride-sharing company’s stock worth $333,000 after acquiring an additional 890 shares during the last quarter. Finally, SouthState Corp grew its stake in shares of Uber Technologies by 744.6% in the 1st quarter. SouthState Corp now owns 701 shares of the ride-sharing company’s stock worth $51,000 after acquiring an additional 618 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 982,544 shares of the company’s stock, valued at $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total transaction of $287,812.50. Following the sale, the insider owned 174,135 shares in the company, valued at $16,037,833.50. The trade was a 1.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 567,625 shares of company stock worth $55,385,660. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UBER. BMO Capital Markets dropped their price target on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Mizuho assumed coverage on shares of Uber Technologies in a research note on Monday, September 29th. They issued an “outperform” rating and a $130.00 price objective for the company. Erste Group Bank cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Cantor Fitzgerald boosted their target price on Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus set a $122.00 price target on Uber Technologies in a research report on Tuesday, November 4th. Two equities 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Uber Technologies Trading Down 3.8%

NYSE:UBER opened at $89.07 on Wednesday. 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’s 50 day moving average is $92.48 and its 200 day moving average is $91.88. The stock has a market capitalization of $185.07 billion, a PE ratio of 11.45 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies 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.