Uber Technologies, Inc. $UBER Holdings Raised by Bennett Selby Investments LP

Bennett Selby Investments LP boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 36.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,954 shares of the ride-sharing company’s stock after buying an additional 9,654 shares during the period. Uber Technologies accounts for 1.2% of Bennett Selby Investments LP’s portfolio, making the stock its 16th biggest holding. Bennett Selby Investments LP’s holdings in Uber Technologies were worth $3,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies during the first quarter worth approximately $2,207,743,000. Norges Bank acquired a new position in shares of Uber Technologies during the 2nd quarter valued at $2,348,319,000. Kingstone Capital Partners Texas LLC raised its position in Uber Technologies by 334,075.7% in the second 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 acquiring an additional 19,967,705 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after purchasing an additional 3,025,483 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Uber Technologies by 105.9% in the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after purchasing an additional 2,807,967 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 2.3%

UBER opened at $79.05 on Thursday. The company has a market capitalization of $164.24 billion, a PE ratio of 10.16 and a beta of 1.19. 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 fifty-two week low of $59.75 and a fifty-two week high of $101.99. The business has a 50-day moving average of $90.67 and a 200-day moving average of $91.68.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating 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 business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter last year, the firm earned $1.20 EPS. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UBER shares. BMO Capital Markets dropped their price target on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Morgan Stanley dropped their target price on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, December 8th. Citigroup restated a “market perform” rating on shares of Uber Technologies in a report on Wednesday, December 10th. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.60.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the firm’s 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 sale, the insider directly owned 174,135 shares in the company, valued at $16,037,833.50. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 261,750 shares of company stock worth $26,207,693 over the last ninety days. Company insiders own 3.84% of the company’s stock.

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.