Caitong International Asset Management Co. Ltd Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Caitong International Asset Management Co. Ltd significantly increased its stake in Uber Technologies by 10,813.3%, acquiring a total of 6,548 shares valued at approximately $477,000.
• Stocks of Uber Technologies opened at $91.76 with a market capitalization of $191.36 billion and a projected EPS of 2.54 for the current year.
• The company reported a net margin of 26.68% and a year-over-year revenue increase of 18.2%, with earnings per share of $0.63, surpassing analysts’ expectations.

Caitong International Asset Management Co. Ltd boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10,813.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,548 shares of the ride-sharing company's stock after purchasing an additional 6,488 shares during the period. Caitong International Asset Management Co. Ltd's holdings in Uber Technologies were worth $477,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Capital Research Global Investors boosted its stake in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Pacer Advisors Inc. increased its position in Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after purchasing an additional 6,254,898 shares during the period. Vanguard Group Inc. boosted its position in Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares in the last quarter. Toyota Motor Corp bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of Uber Technologies during the fourth quarter worth $298,644,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $91.76 on Wednesday. The stock has a 50-day simple moving average of $89.77 and a two-hundred day simple moving average of $81.47. The firm has a market capitalization 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, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. 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 released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The company's revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Loop Capital reissued a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 price target (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. BMO Capital Markets increased 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. Finally, JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock 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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