Uber Technologies, Inc. $UBER Stock Holdings Lifted by Marshall Wace LLP

Marshall Wace LLP increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 40.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,352,293 shares of the ride-sharing company’s stock after buying an additional 965,865 shares during the period. Marshall Wace LLP’s holdings in Uber Technologies were worth $312,769,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Uber Technologies by 1.6% in the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after acquiring an additional 3,025,483 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after purchasing an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies in the 1st quarter worth approximately $2,207,743,000. Norges Bank acquired a new position in Uber Technologies during the 2nd quarter valued at approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC grew its stake in Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after buying an additional 19,967,705 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $90.95 on Friday. The company has a 50-day moving average of $92.94 and a 200-day moving average of $91.82. The firm has a market cap of $188.98 billion, a price-to-earnings ratio of 11.69 and a beta of 1.19. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER) last released its 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. The business had revenue of $13.47 billion during 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 business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. Analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total transaction of $287,812.50. Following the completion of the sale, the insider directly owned 174,135 shares of the company’s stock, valued at $16,037,833.50. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 567,625 shares of company stock worth $55,385,660. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on UBER. Cantor Fitzgerald raised their target price on Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Mizuho started coverage on shares of Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research note on Tuesday, November 4th. Guggenheim dropped their price target on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, Arete raised Uber Technologies from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Wednesday. Two equities research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.19.

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.