DSM Capital Partners LLC Sells 25,245 Shares of Uber Technologies, Inc. (NYSE:UBER)

DSM Capital Partners LLC cut its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,512,146 shares of the ride-sharing company's stock after selling 25,245 shares during the quarter. Uber Technologies comprises approximately 3.2% of DSM Capital Partners LLC's portfolio, making the stock its 10th largest holding. DSM Capital Partners LLC owned about 0.12% of Uber Technologies worth $183,035,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Uber Technologies by 48.2% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 88,540 shares of the ride-sharing company's stock worth $6,451,000 after acquiring an additional 28,800 shares during the period. Ted Buchan & Co grew its position in Uber Technologies by 3.2% during the first quarter. Ted Buchan & Co now owns 9,514 shares of the ride-sharing company's stock worth $693,000 after buying an additional 299 shares during the period. Boston Partners grew its position in Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after buying an additional 2,749,456 shares during the period. E Fund Management Co. Ltd. grew its position in Uber Technologies by 6.0% during the first quarter. E Fund Management Co. Ltd. now owns 5,414 shares of the ride-sharing company's stock worth $394,000 after buying an additional 308 shares during the period. Finally, Long Corridor Asset Management Ltd acquired a new position in Uber Technologies during the first quarter worth about $18,215,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UBER shares. Citigroup upped their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. DA Davidson upped their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America upped 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. Barclays restated an "overweight" rating and set a $110.00 target price (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Finally, KeyCorp upped their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Eleven analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, July 7th. The shares were 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 directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $90.97 on Thursday. The company's fifty day simple moving average is $89.92 and its 200-day simple moving average is $81.54. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. 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 company has a market cap of $189.71 billion, a PE ratio of 15.50, a P/E/G ratio of 1.05 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. As a group, equities research analysts anticipate 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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