Jackson Square Partners LLC Has $4.11 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Jackson Square Partners LLC reduced its stake in Uber Technologies by 42.7%, selling 42,062 shares to hold 56,411 shares worth approximately $4.11 million.
• Various institutional investors, such as Clark Capital Management and UMB Bank, significantly increased their stakes in Uber, with some firms raising their holdings by over 11,000%.
• Analyst ratings for Uber are mixed, with ten analysts giving a hold rating, while twenty-nine analysts recommend a buy, indicating a consensus target price of $100.71.

Jackson Square Partners LLC lessened its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 42.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,411 shares of the ride-sharing company's stock after selling 42,062 shares during the period. Jackson Square Partners LLC's holdings in Uber Technologies were worth $4,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Transce3nd LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at about $27,000. Kozak & Associates Inc. boosted its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the 1st quarter valued at about $27,000. Finally, Vision Financial Markets LLC bought a new position in shares of Uber Technologies during the 1st quarter valued at about $27,000. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, 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 transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 3.3%

NYSE:UBER traded down $3.03 during mid-day trading on Friday, reaching $89.64. The stock had a trading volume of 26,183,828 shares, compared to its average volume of 18,471,660. The business's 50 day moving average is $89.44 and its 200 day moving average is $81.06. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The stock has a market cap of $187.45 billion, a P/E ratio of 15.27, a PEG ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The firm 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 company posted $0.47 earnings per share. The firm's revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. Citigroup raised their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Roth Capital upped their price objective 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. Raymond James Financial upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday. Wedbush reduced their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Ten investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Company 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.