AEGON ASSET MANAGEMENT UK Plc Has $55.83 Million Position in Uber Technologies, Inc. $UBER

Key Points

• AEGON ASSET MANAGEMENT UK Plc increased its investment in Uber Technologies by 44.7%, owning 598,670 shares valued at approximately $55.83 million, according to its latest SEC filing.
• Uber reported a quarterly EPS of $0.63, surpassing the expected $0.61, along with a revenue of $12.65 billion, reflecting an 18.2% increase from the same quarter last year.
• Institutional investors now hold approximately 80.24% of Uber's stock, with significant stakes raised by various hedge funds, including Vanguard Group and Kingstone Capital Partners.

AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 44.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 598,670 shares of the ride-sharing company's stock after acquiring an additional 185,021 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Uber Technologies were worth $55,832,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake 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 acquiring an additional 5,759,353 shares in the last quarter. Pershing Square Capital Management L.P. acquired a new position in Uber Technologies during the first quarter worth $2,207,743,000. Kingstone Capital Partners Texas LLC raised its stake in 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 acquiring an additional 19,967,705 shares in the last quarter. Northern Trust Corp raised its stake 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 acquiring an additional 720,122 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake 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 acquiring an additional 394,157 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Uber Technologies stock opened at $94.21 on Wednesday. The business's 50-day simple moving average is $95.07 and its 200 day simple moving average is $88.19. The stock has a market cap of $196.47 billion, a price-to-earnings ratio of 16.05 and a beta of 1.48. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock valued at $58,659,491 over the last 90 days. Corporate insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on UBER shares. Cowen restated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Roth Capital increased their target price on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Guggenheim started coverage on Uber Technologies in a report on Tuesday. They set a "buy" rating and a $140.00 target price on the stock. Raymond James Financial increased their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $105.06.

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.

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