Boston Partners Has $852.83 Million Stake in Uber Technologies, Inc. $UBER

Boston Partners grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,158,884 shares of the ride-sharing company’s stock after acquiring an additional 127,667 shares during the period. Uber Technologies accounts for approximately 0.9% of Boston Partners’ investment portfolio, making the stock its 19th biggest holding. Boston Partners owned approximately 0.44% of Uber Technologies worth $852,834,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in 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 purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of 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 buying an additional 6,129 shares in the last quarter. Bison Wealth LLC boosted its holdings in shares of 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 buying an additional 641 shares in the last quarter. TCW Group Inc. grew its position in shares of Uber Technologies by 5.7% during the 1st quarter. TCW Group Inc. now owns 31,172 shares of the ride-sharing company’s stock worth $2,271,000 after buying an additional 1,668 shares during the period. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in shares of Uber Technologies in the 1st quarter valued at $263,000. 80.24% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the sale, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 567,625 shares of company stock worth $55,385,660 over the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 0.1%

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 one year low of $59.33 and a one year high of $101.99. The company has a market cap of $173.76 billion, a PE ratio of 10.75 and a beta of 1.46. The firm has a 50-day moving average of $94.22 and a 200-day moving average of $91.97.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of a number of research reports. UBS Group set a $122.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, November 5th. Truist Financial upped their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Susquehanna restated a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a research note on Wednesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $108.26.

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.