Liontrust Investment Partners LLP Grows Holdings in Uber Technologies, Inc. $UBER

Liontrust Investment Partners LLP increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 305,106 shares of the ride-sharing company’s stock after purchasing an additional 20,336 shares during the period. Liontrust Investment Partners LLP’s holdings in Uber Technologies were worth $28,466,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. L1 Capital Pty Ltd purchased a new stake in shares of Uber Technologies in the second quarter valued at about $260,000. Campbell Capital Management Inc. acquired a new position in Uber Technologies in the 2nd quarter valued at about $2,803,000. Tactive Advisors LLC purchased a new stake in Uber Technologies during the 2nd quarter valued at approximately $377,000. Westwood Holdings Group Inc. acquired a new stake in Uber Technologies during the 2nd quarter worth approximately $738,000. Finally, Kestra Investment Management LLC lifted its position in Uber Technologies by 301.7% during the 2nd quarter. Kestra Investment Management LLC now owns 2,812 shares of the ride-sharing company’s stock worth $262,000 after acquiring an additional 2,112 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UBER. Needham & Company LLC reissued a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a report on Tuesday, November 4th. Susquehanna reiterated a “positive” rating and issued a $110.00 price objective on shares of Uber Technologies in a research report on Wednesday, November 5th. Arete Research set a $125.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Guggenheim reduced their target price on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Insider Buying and Selling

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 value of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies 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 transaction, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 267,625 shares of company stock worth $26,774,660 in the last quarter. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $85.13 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a 50-day simple moving average of $91.78 and a 200-day simple moving average of $91.78. The company has a market capitalization of $176.88 billion, a PE ratio of 10.94 and a beta of 1.19.

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