Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Decreased by Riverpark Capital Management LLC

Key Points

• Riverpark Capital Management LLC has reduced its holdings in Uber Technologies, Inc. by 28.6% to 24,535 shares, making Uber the firm's 8th largest holding with a value of approximately $1.79 million.
• Insider transactions reveal that CFO Prashanth Mahendra-Rajah and insider Jill Hazelbaker have reduced their positions, selling 2,750 and 34,884 shares respectively.
• Analysts are bullish on Uber Technologies, with price targets being raised by firms like Susquehanna and BMO Capital Markets, reflecting a consensus rating of “Moderate Buy” with an average target price of $102.82.

Riverpark Capital Management LLC cut its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 28.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 24,535 shares of the ride-sharing company's stock after selling 9,816 shares during the period. Uber Technologies comprises approximately 3.3% of Riverpark Capital Management LLC's holdings, making the stock its 8th biggest position. Riverpark Capital Management LLC's holdings in Uber Technologies were worth $1,788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Research Global Investors raised its holdings in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after acquiring an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 valued at $13,590,287,000 after acquiring an additional 5,759,353 shares during the last quarter. Toyota Motor Corp acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Uber Technologies in the fourth quarter worth $298,644,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE:UBER traded up $1.07 during trading on Monday, reaching $90.63. The company's stock had a trading volume of 16,553,995 shares, compared to its average volume of 22,343,090. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50 day moving average of $89.44 and a 200-day moving average of $81.25. The firm has a market cap of $189.52 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.03 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, 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 business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the company earned $0.47 EPS. The firm's revenue was up 18.2% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's 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 directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group upped their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Loop Capital reiterated a "buy" rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Raymond James Financial upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price 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.