Horizon Investments LLC Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Horizon Investments LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBERGet Rating) by 16.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,893 shares of the ride-sharing company’s stock after buying an additional 5,861 shares during the quarter. Horizon Investments LLC’s holdings in Uber Technologies were worth $1,459,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $594,489,000. Fisher Asset Management LLC raised its stake in shares of Uber Technologies by 57.1% during the 1st quarter. Fisher Asset Management LLC now owns 23,796,816 shares of the ride-sharing company’s stock worth $849,070,000 after purchasing an additional 8,647,468 shares during the period. Lyrical Asset Management LP purchased a new position in shares of Uber Technologies in the 1st quarter worth about $199,606,000. Accel Growth Fund IV Associates L.L.C. bought a new position in Uber Technologies during the first quarter valued at about $191,981,000. Finally, Coatue Management LLC increased its holdings in Uber Technologies by 52.8% during the first quarter. Coatue Management LLC now owns 9,040,620 shares of the ride-sharing company’s stock worth $322,569,000 after buying an additional 3,125,823 shares during the last quarter. 71.57% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $31.78 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. Uber Technologies, Inc. has a 12 month low of $19.90 and a 12 month high of $48.88. The business’s 50-day moving average price is $27.00 and its 200-day moving average price is $27.82.

Uber Technologies (NYSE:UBERGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.08). The business had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.37 billion. Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 69.83%. The firm’s revenue was up 105.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. Analysts expect that Uber Technologies, Inc. will post -4.66 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 87,841 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $31.26, for a total value of $2,745,909.66. Following the completion of the sale, the insider now directly owns 141,944 shares of the company’s stock, valued at $4,437,169.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UBER shares. MKM Partners reduced their target price on shares of Uber Technologies from $41.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. KeyCorp started coverage on Uber Technologies in a research note on Tuesday, July 12th. They issued a “sector weight” rating on the stock. Atlantic Securities increased their price target on Uber Technologies to $40.00 in a research note on Monday, August 22nd. Cowen boosted their price objective on Uber Technologies to $76.00 in a research note on Tuesday, August 9th. Finally, Citigroup dropped their price objective on shares of Uber Technologies from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $49.45.

About Uber Technologies

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

See Also

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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