Capital CS Group LLC Buys New Position in Uber Technologies, Inc. $UBER

Key Points

• Capital CS Group LLC acquired a new position of 3,366 shares in Uber Technologies, valued at approximately $314,000, in the second quarter.
• Insider transactions included CEO Dara Khosrowshahi selling 300,000 shares for about $28.6 million, reducing his ownership by 20.94%.
• According to recent analyst reports, Uber Technologies received several price target increases, with BMO Capital raising their target from $101 to $113 and UBS increasing theirs from $115 to $117.

Capital CS Group LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,366 shares of the ride-sharing company's stock, valued at approximately $314,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Pershing Square Capital Management L.P. acquired a new stake in Uber Technologies in the first quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Uber Technologies by 2,571.2% during 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 last quarter. Vanguard Group Inc. grew its holdings in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Finally, Boston Partners raised its position in Uber Technologies by 43.8% in the 1st 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 last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $93.94, for a total value of $293,562.50. Following the completion of the transaction, the insider directly owned 171,558 shares of the company's stock, valued at approximately $16,116,158.52. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the sale, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. The trade was a 20.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 354,571 shares of company stock worth $33,810,741 in the last ninety days. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UBER has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. UBS Group upped their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Susquehanna lifted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Cantor Fitzgerald reaffirmed 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. Finally, Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One 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. According to data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Uber Technologies Price Performance

UBER stock opened at $98.68 on Monday. 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 has a 50 day moving average price of $92.63 and a 200-day moving average price of $85.45. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $99.70. The firm has a market capitalization of $205.79 billion, a price-to-earnings ratio of 16.81 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the company earned $0.47 EPS. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS 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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