Clough Capital Partners L P Makes New $19.60 Million Investment in Uber Technologies, Inc. $UBER

Key Points

• Clough Capital Partners L P made a significant investment of approximately $19.60 million in Uber Technologies, acquiring 269,050 shares, making it the firm's 12th largest position.
• Uber's stock ratings reflect a generally positive outlook, with one analyst rating it as a Strong Buy and a consensus target price of $102.82.
• Uber reported earnings of $0.63 per share in its latest quarterly results, exceeding estimates, with a revenue growth of 18.2% compared to the previous year.

Clough Capital Partners L P purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 269,050 shares of the ride-sharing company's stock, valued at approximately $19,603,000. Uber Technologies makes up approximately 2.4% of Clough Capital Partners L P's portfolio, making the stock its 12th biggest position.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its position in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies during the 4th quarter worth $395,000. Susquehanna Fundamental Investments LLC bought a new stake in Uber Technologies during the fourth quarter valued at about $908,000. Finally, Lido Advisors LLC grew its position in shares of Uber Technologies by 10.2% in the fourth quarter. Lido Advisors LLC now owns 51,544 shares of the ride-sharing company's stock valued at $3,109,000 after purchasing an additional 4,763 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research reports. Raymond James Financial boosted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Roth Capital raised their target price on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Cowen reissued a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, Wells Fargo & Company decreased their target price on shares of Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a research report 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. According to MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $102.82.

Uber Technologies Price Performance

UBER opened at $95.95 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $200.09 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43. The company's 50 day simple moving average is $92.01 and its 200-day simple moving average is $83.46. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71.

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 (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total transaction of $296,875.00. Following the transaction, the insider directly owned 170,269 shares in the company, valued at approximately $16,175,555. This represents a 1.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. 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 owned by company insiders.

Uber Technologies Profile

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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