Aberdeen Group plc Acquires 185,627 Shares of Uber Technologies, Inc. $UBER

Key Points

• Aberdeen Group plc increased its stake in Uber Technologies by 10.7%, acquiring an additional 185,627 shares, bringing its total ownership to 1,913,919 shares valued at approximately $177 million.
• Insider Tony West sold 100,000 shares of Uber for $10 million, marking a 36.82% decrease in his position, while the stock has seen a downturn of 2.6% recently.
• Analyst ratings are predominantly positive, with many institutions like Barclays and Bank of America raising their price targets for Uber shares, indicating strong market confidence in the company's future performance.

Aberdeen Group plc lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,913,919 shares of the ride-sharing company's stock after purchasing an additional 185,627 shares during the period. Aberdeen Group plc owned 0.09% of Uber Technologies worth $177,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in UBER. Pershing Square Capital Management L.P. bought a new position in shares of Uber Technologies during the first quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC increased its stake in shares of Uber Technologies by 334,075.7% during 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 purchasing an additional 19,967,705 shares during the period. Pacer Advisors Inc. increased its stake in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after purchasing an additional 6,254,898 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 5,759,353 shares during the period. Finally, Boston Partners increased its stake in shares of 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 purchasing an additional 2,749,456 shares during the period. Institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 100,000 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock worth $58,659,491 over the last 90 days. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 2.6%

Shares of UBER stock opened at $93.52 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. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The company has a market cap of $195.03 billion, a PE ratio of 15.93 and a beta of 1.48. The stock's fifty day moving average price is $94.86 and its two-hundred day moving average price is $87.81.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays reiterated an "overweight" rating and set a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Bank of America increased their price target on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. increased their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Uber Technologies in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $104.03.

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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.