Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Xponance Inc.

by · The Cerbat Gem

Xponance Inc. raised its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 473,544 shares of the ride-sharing company’s stock after acquiring an additional 1,879 shares during the quarter. Xponance Inc.’s holdings in Uber Technologies were worth $34,502,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors boosted its holdings in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Norges Bank acquired a new position in Uber Technologies during the fourth quarter worth $1,467,754,000. Boston Partners purchased a new stake in Uber Technologies in the 4th quarter valued at $381,057,000. Toyota Motor Corp acquired a new stake in shares of Uber Technologies in the 4th quarter worth $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Uber Technologies in the 4th quarter worth $298,644,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider owned 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,384 shares of company stock worth $3,496,071. Company insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UBER shares. Citigroup upped their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Wall Street Zen lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Wells Fargo & Company raised their price target on shares of Uber Technologies from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday. Canaccord Genuity Group reaffirmed a “hold” rating and set a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.97.

View Our Latest Research Report on UBER

Uber Technologies Price Performance

Shares of UBER opened at $96.39 on Friday. The firm has a market capitalization of $201.57 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.23 and a beta of 1.40. The firm’s fifty day simple moving average is $88.25 and its 200-day simple moving average is $77.30. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm earned ($0.32) earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

About Uber Technologies

(Free Report)

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.

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