Uber Technologies, Inc. $UBER Stake Decreased by Alua Capital Management LP

Key Points

• Alua Capital Management LP reduced its stake in Uber Technologies by selling 500,300 shares, trimming its position by 35%, leaving it with 928,182 shares.
• Insider sales included Jill Hazelbaker selling 31,250 shares for over $3 million and CFO Prashanth Mahendra-Rajah selling 2,750 shares, indicating a decrease in their positions.
• Analysts revised their target prices for Uber, with several firms raising their targets to as high as $110.00, promoting a consensus rating of "Moderate Buy" for the stock.

Alua Capital Management LP trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 35.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 928,182 shares of the ride-sharing company's stock after selling 500,300 shares during the quarter. Uber Technologies makes up about 5.3% of Alua Capital Management LP's investment portfolio, making the stock its 10th largest holding. Alua Capital Management LP's holdings in Uber Technologies were worth $67,627,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Navalign LLC grew its position in Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after buying an additional 126 shares during the period. Grove Bank & Trust grew its position in Uber Technologies by 0.9% during the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after buying an additional 133 shares during the period. Forum Financial Management LP grew its position in Uber Technologies by 1.3% during the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock valued at $798,000 after buying an additional 136 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Uber Technologies by 42.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after buying an additional 138 shares during the period. Finally, Amplius Wealth Advisors LLC grew its position in Uber Technologies by 3.6% during the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock valued at $302,000 after buying an additional 145 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBER. BMO Capital Markets boosted their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Royal Bank Of Canada upped their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. upped their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Stifel Nicolaus upped their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $103.06.

Uber Technologies Price Performance

Shares of UBER stock traded down $1.09 during mid-day trading on Friday, hitting $90.89. The company had a trading volume of 20,364,649 shares, compared to its average volume of 14,781,707. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The stock's 50 day moving average price is $92.42 and its 200-day moving average price is $84.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $189.54 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.05 and a beta of 1.43.

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

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction 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 sale, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction 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. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock worth $4,632,774 in the last ninety days. Company insiders own 3.84% of the company's stock.

Uber Technologies 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.