Uber Technologies, Inc. $UBER Stock Holdings Reduced by Ardmore Road Asset Management LP

Ardmore Road Asset Management LP lowered its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 25.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,000 shares of the ride-sharing company’s stock after selling 50,000 shares during the quarter. Ardmore Road Asset Management LP’s holdings in Uber Technologies were worth $13,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Kilter Group LLC acquired a new stake in Uber Technologies in the 2nd quarter worth $26,000. West Oak Capital LLC acquired a new position in Uber Technologies during the second quarter worth $28,000. Truvestments Capital LLC lifted its holdings in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies in the second quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd acquired a new position in Uber Technologies in the first quarter worth $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the transaction, the chief executive officer owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 567,625 shares of company stock valued at $55,385,660. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $91.25 on Friday. The stock has a market capitalization of $189.60 billion, a price-to-earnings ratio of 11.73 and a beta of 1.19. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The firm has a fifty day simple moving average of $92.80 and a 200 day simple moving average of $91.81. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $13.25 billion. During the same period in the previous year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research reports. UBS Group set a $122.00 price objective on Uber Technologies and gave the stock a “buy” rating in a report on Wednesday, November 5th. Arete Research set a $125.00 price objective on shares of Uber Technologies and gave the company a “buy” rating in a report on Wednesday. TD Cowen increased their price target on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Susquehanna restated a “positive” rating and set a $110.00 price objective on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.74.

About Uber Technologies

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.