Plato Investment Management Ltd Has $2.69 Million Position in Uber Technologies, Inc. $UBER

Key Points

• Plato Investment Management Ltd reduced its stake in Uber Technologies by 15.9%, now holding 36,470 shares valued at approximately $2.69 million.
• Several institutional investors significantly increased their holdings in Uber, with Bayforest Capital Ltd growing its position by 430.5% in the first quarter.
• Uber's latest earnings report showed an EPS of $0.63, beating estimates and demonstrating an 18.2% year-over-year revenue growth of $12.65 billion.

Plato Investment Management Ltd lessened its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,470 shares of the ride-sharing company's stock after selling 6,892 shares during the quarter. Plato Investment Management Ltd's holdings in Uber Technologies were worth $2,686,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares during the last quarter. Pershing Square Capital Management L.P. acquired a new stake in Uber Technologies in the first quarter valued at approximately $2,207,743,000. Northern Trust Corp lifted its stake in Uber Technologies by 3.9% in the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company's stock valued at $1,401,873,000 after acquiring an additional 720,122 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Uber Technologies by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock valued at $995,801,000 after acquiring an additional 394,157 shares during the last quarter. Finally, Boston Partners lifted its stake in Uber Technologies by 43.8% in the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after acquiring 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 firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,696 shares of company stock worth $4,632,774. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $0.51 during midday trading on Thursday, hitting $94.72. The company had a trading volume of 16,183,957 shares, compared to its average volume of 14,522,019. The business's 50 day simple moving average is $92.57 and its two-hundred day simple moving average is $84.43. The stock has a market cap of $197.53 billion, a PE ratio of 16.14, a P/E/G ratio of 1.08 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 1.11. 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 announced its quarterly earnings data 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. 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%. Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Roth Capital lifted 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. Loop Capital reiterated a "buy" rating and issued a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $103.06.

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.