Brasada Capital Management LP Has $6.43 Million Holdings in Uber Technologies, Inc. $UBER

Key Points

• Brasada Capital Management LP increased its holdings in Uber Technologies by 28.5%, owning 88,241 shares worth approximately $6.43 million as of the latest SEC filing.
• Multiple institutional investors have significantly boosted their positions in Uber, with Pacer Advisors increasing by 2,571.2% and Boston Partners by 43.8% during the same quarter.
• Uber Technologies reported earnings of $0.63 per share for the last quarter, beating estimates of $0.61, with a revenue of $12.65 billion, reflecting a year-over-year increase of 18.2%.

Brasada Capital Management LP lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 28.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,241 shares of the ride-sharing company's stock after purchasing an additional 19,562 shares during the period. Uber Technologies accounts for 1.2% of Brasada Capital Management LP's holdings, making the stock its 24th biggest holding. Brasada Capital Management LP's holdings in Uber Technologies were worth $6,429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UBER. Pacer Advisors Inc. lifted its holdings in Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after buying an additional 6,254,898 shares during the period. Vanguard Group Inc. lifted its holdings in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after buying an additional 5,759,353 shares during the period. Toyota Motor Corp acquired a new position in Uber Technologies in the fourth quarter valued at $309,192,000. Boston Partners lifted its holdings in Uber Technologies by 43.8% in the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after buying an additional 2,749,456 shares during the period. Finally, Baillie Gifford & Co. acquired a new position in Uber Technologies in the first quarter valued at $167,532,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity

In other Uber Technologies news, insider Tony West sold 3,125 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total value of $296,875.00. Following the transaction, the insider owned 170,269 shares of the company's stock, valued at approximately $16,175,555. The trade was a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,696 shares of company stock valued at $4,632,774. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. Stifel Nicolaus boosted their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Wedbush decreased their price target on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Citigroup lifted their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Barclays reaffirmed an "overweight" rating and issued a $110.00 price target (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. One equities research analyst has 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $93.80 on Friday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The stock has a market cap of $195.61 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm's 50-day simple moving average is $92.21 and its 200 day simple moving average is $83.58.

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

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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