Gainplan LLC Buys Shares of 7,736 Uber Technologies, Inc. $UBER

Key Points

• Gainplan LLC has acquired 7,736 shares of Uber Technologies, Inc. during the second quarter, valued at approximately $722,000, according to their recent SEC filing.
• Prominent investors, including Pershing Square Capital Management and Kingstone Capital Partners, have significantly increased their holdings in Uber, with Kingstone raising its stake by over 334,000% to almost 20 million shares valued at nearly $1.86 billion.
• Analysts have generally positive views on Uber, with multiple firms increasing their price targets and assigning it a "buy" rating, leading to an average target price of $104.03.

Gainplan LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,736 shares of the ride-sharing company's stock, valued at approximately $722,000.

Several other large investors have also modified their holdings of UBER. Pershing Square Capital Management L.P. acquired a new position in shares of Uber Technologies in the 1st quarter valued at $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of Uber Technologies by 334,075.7% in the 2nd 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 during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after purchasing an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of 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 purchasing an additional 2,749,456 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock worth $58,659,491 over the last quarter. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC upped their price target on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Roth Capital upped their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Susquehanna increased their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. Royal Bank Of Canada increased their target price on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $104.03.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $97.87 on Wednesday. The stock's 50-day moving average is $94.33 and its two-hundred day moving average is $87.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The company has a market cap of $204.10 billion, a price-to-earnings ratio of 16.67 and a beta of 1.48.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the business earned $0.47 EPS. Uber Technologies's revenue was up 18.2% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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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