14,145 Shares in Uber Technologies, Inc. $UBER Purchased by Pacific Capital Partners Ltd

Key Points

• Pacific Capital Partners Ltd acquired 14,145 shares of Uber Technologies, Inc. valued at approximately $1.32 million during the second quarter.
• Institutional investors dominate Uber's stock ownership, with 80.24% of shares held by them, including major stakes from Vanguard Group and Pershing Square Capital Management.
• Uber recently reported $0.63 EPS for the last quarter, exceeding consensus estimates, along with a revenue increase of 18.2% from the previous year.

Pacific Capital Partners Ltd acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,145 shares of the ride-sharing company's stock, valued at approximately $1,320,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Pershing Square Capital Management L.P. purchased a new stake in Uber Technologies during the first quarter worth about $2,207,743,000. Northern Trust Corp boosted its holdings in 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 buying an additional 720,122 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Uber Technologies by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock worth $995,801,000 after buying an additional 394,157 shares in the last quarter. Finally, Boston Partners boosted its holdings in Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after buying an additional 2,749,456 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,696 shares of company stock worth $4,632,774. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $95.90 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $199.99 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.09 and a beta of 1.43. The company's 50 day simple moving average is $92.62 and its 200 day simple moving average is $84.64. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent research reports. Raymond James Financial upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, August 7th. Loop Capital reaffirmed a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Sanford C. Bernstein upped their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, UBS Group upped their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

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.

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