Sapient Capital LLC Grows Position in Uber Technologies, Inc. $UBER

Key Points

• Sapient Capital LLC increased its stake in Uber Technologies by 408.2% in Q2, acquiring over 142,000 additional shares, bringing its total to roughly 177,965 shares valued at approximately $16.6 million.
• Recent analyst reports show a mixed outlook on Uber Technologies, with target prices ranging from $84.00 to $117.00 and a consensus rating of "Moderate Buy."
• In Q2, Uber reported earnings per share of $0.63, exceeding estimates, and achieved a revenue of $12.65 billion, marking an 18.2% year-over-year increase.

Sapient Capital LLC raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 408.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,965 shares of the ride-sharing company's stock after purchasing an additional 142,948 shares during the quarter. Sapient Capital LLC's holdings in Uber Technologies were worth $16,604,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 3.2% during 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 buying an additional 5,759,353 shares during the period. Pershing Square Capital Management L.P. purchased a new stake in shares of Uber Technologies during the 1st quarter valued at about $2,207,743,000. Northern Trust Corp raised its holdings in shares of Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company's stock valued at $1,401,873,000 after buying an additional 720,122 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Uber Technologies by 3.0% during the 1st 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 buying an additional 394,157 shares during the period. Finally, Boston Partners raised its holdings in shares of Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after buying an additional 2,749,456 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UBER. Wedbush dropped their target price on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. JPMorgan Chase & Co. raised their target price on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Barclays reiterated an "overweight" rating and set a $110.00 target price (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Loop Capital reiterated a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, UBS Group raised their target price on Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $97.97 on Wednesday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $99.70. The business has a 50 day moving average price of $92.67 and a two-hundred day moving average price of $84.96. 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 firm has a market cap of $204.31 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the firm earned $0.47 EPS. Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the transaction, the insider owned 170,269 shares of the company's stock, valued at approximately $16,175,555. The trade was a 1.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 348,696 shares of company stock worth $33,243,774. 3.70% of the stock is currently owned by insiders.

About Uber Technologies

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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