Black Creek Investment Management Inc. Trims Stock Position in Uber Technologies, Inc. $UBER

Black Creek Investment Management Inc. lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 228,608 shares of the ride-sharing company’s stock after selling 18,380 shares during the period. Uber Technologies comprises about 1.0% of Black Creek Investment Management Inc.’s holdings, making the stock its 15th largest position. Black Creek Investment Management Inc.’s holdings in Uber Technologies were worth $21,329,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UBER. Brighton Jones LLC grew 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 worth $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC boosted 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 worth $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC grew its position 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 worth $229,000 after purchasing an additional 641 shares during the last quarter. AMG National Trust Bank increased its stake in Uber Technologies by 18.5% in the first quarter. AMG National Trust Bank now owns 8,877 shares of the ride-sharing company’s stock valued at $647,000 after purchasing an additional 1,387 shares during the period. Finally, Csenge Advisory Group increased its stake in Uber Technologies by 3.7% in the first quarter. Csenge Advisory Group now owns 8,785 shares of the ride-sharing company’s stock valued at $661,000 after purchasing an additional 311 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company’s stock, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 982,544 shares in the company, valued at approximately $98,726,021.12. This represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 598,875 shares of company stock valued at $58,407,848 in the last 90 days. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. DA Davidson upped their price objective on Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 7th. Stifel Nicolaus set a $122.00 target price on Uber Technologies in a report on Tuesday, November 4th. Finally, UBS Group set a $122.00 price target on Uber Technologies and gave the stock a “buy” rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.26.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $92.13 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The firm has a market capitalization of $191.42 billion, a P/E ratio of 11.84 and a beta of 1.46. The company’s fifty day moving average is $95.46 and its two-hundred day moving average is $91.90.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter last year, the business earned $1.20 earnings per share. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS 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.