848,119 Shares in Uber Technologies, Inc. $UBER Purchased by Blue Whale Capital LLP

Blue Whale Capital LLP bought a new stake in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 848,119 shares of the ride-sharing company’s stock, valued at approximately $79,130,000. Uber Technologies makes up about 5.2% of Blue Whale Capital LLP’s investment portfolio, making the stock its 7th largest position.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after acquiring an additional 3,025,483 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 valued at $4,258,756,000 after acquiring an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. purchased a new position in shares of Uber Technologies during the 1st quarter worth $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of 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 purchasing an additional 19,967,705 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Uber Technologies by 3.9% during the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock worth $1,401,873,000 after purchasing an additional 720,122 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Cantor Fitzgerald upped 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. Cowen restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Mizuho began coverage on shares of Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price objective for the company. Guggenheim decreased their target price on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, Wells Fargo & Company lowered their target price on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $108.26.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the sale, the insider owned 174,135 shares of the company’s stock, valued at $16,037,833.50. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 567,625 shares of company stock valued at $55,385,660 over the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $83.63 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The firm has a market capitalization of $173.76 billion, a P/E ratio of 10.75 and a beta of 1.46. The business’s 50-day simple moving average is $94.22 and its 200-day simple moving average is $91.97.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $13.25 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The company’s revenue was up 20.4% on a year-over-year basis. Equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies 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.