Douglass Winthrop Advisors LLC Grows Holdings in Uber Technologies, Inc. $UBER

Key Points

• Douglass Winthrop Advisors LLC increased its stake in Uber Technologies by 2.9% in Q1, amounting to $168.92 million and making it the firm's 8th largest position.
• Uber Technologies reported an earnings per share (EPS) of $0.63 for the last quarter, exceeding analysts' expectations, with revenue rising 18.2% year-over-year.
• As of now, 80.24% of Uber's stock is held by institutional investors, highlighting significant investor interest in the company.

Douglass Winthrop Advisors LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,318,406 shares of the ride-sharing company's stock after purchasing an additional 66,338 shares during the period. Uber Technologies makes up 3.2% of Douglass Winthrop Advisors LLC's investment portfolio, making the stock its 8th biggest holding. Douglass Winthrop Advisors LLC owned about 0.11% of Uber Technologies worth $168,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBER. Brighton Jones LLC increased its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new stake in Uber Technologies in the 4th quarter worth about $395,000. Coppell Advisory Solutions LLC grew its position in Uber Technologies by 114.2% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,596 shares of the ride-sharing company's stock worth $97,000 after purchasing an additional 851 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in Uber Technologies by 33.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 48,516 shares of the ride-sharing company's stock worth $2,927,000 after purchasing an additional 12,163 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UBER. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Barclays reiterated an "overweight" rating and issued a $110.00 target price (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. DA Davidson boosted their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Roth Capital boosted their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $102.82.

Insider Activity at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 sale, the chief financial officer owned 21,975 shares in the company, 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. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock traded up $2.4720 during trading on Friday, reaching $96.7020. 15,568,337 shares of the company's stock traded hands, compared to its average volume of 18,985,768. The company has a market capitalization of $201.66 billion, a P/E ratio of 16.47, a PEG ratio of 1.11 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm's 50-day moving average is $91.08 and its 200 day moving average is $83.02. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71.

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, topping 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 period in the prior year, the company posted $0.47 EPS. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. Equities research 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.