Boston Partners Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Boston Partners lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 43.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,031,217 shares of the ride-sharing company's stock after purchasing an additional 2,749,456 shares during the quarter. Uber Technologies comprises about 0.8% of Boston Partners' portfolio, making the stock its 24th largest holding. Boston Partners owned about 0.43% of Uber Technologies worth $658,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of UBER. Transce3nd LLC purchased a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Kozak & Associates Inc. raised its position in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new position in Uber Technologies during the 1st quarter worth approximately $27,000. Finally, Vision Financial Markets LLC purchased a new position in Uber Technologies during the 1st quarter worth approximately $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction 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 owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 1.3%

NYSE UBER opened at $91.76 on Wednesday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The business's fifty day simple moving average is $89.77 and its 200-day simple moving average is $81.47. The firm has a market cap of $191.36 billion, a PE ratio of 15.63, a P/E/G ratio of 1.04 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly 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 return on equity of 59.96% and a net margin of 26.68%. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The company's quarterly revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on UBER. Barclays reissued an "overweight" rating and set a $110.00 price target (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Needham & Company LLC raised their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. BMO Capital Markets raised their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Wells Fargo & Company dropped their price objective on shares of Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $102.82.

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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