DDD Partners LLC Raises Stock Position in Uber Technologies, Inc. $UBER

Key Points

• DDD Partners LLC significantly increased its holdings in Uber Technologies by 128.6% during the second quarter, now owning approximately $4.75 million worth of shares.
• Several research firms have raised their price targets for Uber, with KeyCorp and Roth Capital increasing targets to $110, while Bank of America upped its target to $115, reflecting a strong consensus among analysts.
• Uber Technologies reported a 26.68% net margin and beat earnings expectations, with a year-over-year revenue increase of 18.2% for the last quarter.

DDD Partners LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 128.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,861 shares of the ride-sharing company's stock after acquiring an additional 28,610 shares during the period. DDD Partners LLC's holdings in Uber Technologies were worth $4,745,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. AlphaQuest LLC raised its stake in shares of Uber Technologies by 250.9% in the 2nd quarter. AlphaQuest LLC now owns 4,078 shares of the ride-sharing company's stock valued at $380,000 after acquiring an additional 2,916 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Uber Technologies by 6.8% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,198,176 shares of the ride-sharing company's stock worth $578,290,000 after buying an additional 393,330 shares during the period. Jackson Hole Capital Partners LLC increased its stake in Uber Technologies by 2.5% during the 2nd quarter. Jackson Hole Capital Partners LLC now owns 52,173 shares of the ride-sharing company's stock worth $4,868,000 after buying an additional 1,267 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Uber Technologies by 8.5% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,550 shares of the ride-sharing company's stock worth $238,000 after buying an additional 200 shares during the period. Finally, LJI Wealth Management LLC increased its stake in Uber Technologies by 86.4% during the 2nd quarter. LJI Wealth Management LLC now owns 21,522 shares of the ride-sharing company's stock worth $2,008,000 after buying an additional 9,975 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UBER. KeyCorp lifted their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Roth Capital boosted their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Bank of America boosted their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Needham & Company LLC boosted their target price 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. Finally, BMO Capital Markets boosted their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $105.91.

Insider Activity

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares of the company's stock, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,946 shares of company stock worth $58,950,116 over the last three months. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.44 during trading on Friday, reaching $95.05. 1,598,887 shares of the company's stock traded hands, compared to its average volume of 20,683,891. 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 company has a 50 day moving average of $95.40 and a 200-day moving average of $89.18. The stock has a market capitalization of $198.22 billion, a P/E ratio of 16.17 and a beta of 1.48. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies's revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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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