Aubrey Capital Management Ltd Has $4.93 Million Holdings in Uber Technologies, Inc. $UBER

Key Points

• Aubrey Capital Management Ltd increased its stake in Uber Technologies, Inc. by 9.5% during the second quarter, holding a total of 52,800 shares valued at approximately $4.93 million.
• Recent analyst reports indicate a consensus rating of "Moderate Buy" for Uber, with target prices ranging from $105.68 to $117.00.
• The ride-sharing company reported $0.63 EPS for the last quarter, surpassing analysts' expectations and showing an 18.2% year-over-year increase in revenue.

Aubrey Capital Management Ltd grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,800 shares of the ride-sharing company's stock after acquiring an additional 4,600 shares during the period. Uber Technologies accounts for 1.8% of Aubrey Capital Management Ltd's holdings, making the stock its 18th largest position. Aubrey Capital Management Ltd's holdings in Uber Technologies were worth $4,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of UBER. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the first quarter worth approximately $27,000. West Oak Capital LLC acquired a new stake in Uber Technologies during the second quarter worth approximately $28,000. Truvestments Capital LLC lifted its position in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the second quarter worth approximately $30,000. Finally, Ransom Advisory Ltd acquired a new stake in Uber Technologies during the first quarter worth approximately $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE UBER opened at $92.47 on Friday. The firm's fifty day moving average price is $95.17 and its two-hundred day moving average price is $88.37. The stock has a market cap of $192.84 billion, a PE ratio of 15.75 and a beta of 1.48. 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 debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

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

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares of the company's stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 601,821 shares of company stock valued at $58,659,491. 3.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $106.00 price target (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Stifel Nicolaus boosted their price target on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. KeyCorp boosted their price target on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. BMO Capital Markets boosted their price target on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $105.68.

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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