Pale Fire Capital SE Invests $2.19 Million in Uber Technologies, Inc. $UBER

Key Points

• Pale Fire Capital SE invested approximately $2.19 million in Uber Technologies, purchasing 30,000 shares, which makes up 0.3% of its investment portfolio.
• Several institutional investors increased their stakes in Uber Technologies, contributing to a total ownership of 80.24% of the company's stock by institutional investors.
• Recent analyst ratings for Uber have been positive, with firms like BMO Capital Markets and Goldman Sachs increasing their target prices, reflecting a general consensus rating of "Moderate Buy."

Pale Fire Capital SE purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,000 shares of the ride-sharing company's stock, valued at approximately $2,186,000. Uber Technologies makes up 0.3% of Pale Fire Capital SE's investment portfolio, making the stock its 22nd biggest holding.

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

Insider Transactions at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UBER shares. BMO Capital Markets raised their target price on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. The Goldman Sachs Group raised their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus raised their target price on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Wells Fargo & Company decreased their target price on Uber Technologies from $120.00 to $119.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. One analyst has 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Uber Technologies Trading Up 2.6%

Shares of NYSE UBER opened at $96.7020 on Friday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a market cap of $201.66 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.11 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $91.08 and a 200-day simple moving average of $82.93.

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

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.

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