Shaker Investments LLC OH Grows Position in Uber Technologies, Inc. $UBER

Key Points

• Shaker Investments LLC significantly increased its holdings in Uber Technologies by 79.6%, acquiring an additional 20,294 shares to reach a total of 45,779 shares, valued at approximately $4.27 million.
• Insider trading activity included CEO Dara Khosrowshahi selling 300,000 shares worth around $28.6 million, resulting in a 20.94% decrease in his ownership stake.
• Several analysts upgraded Uber Technologies, with Guggenheim issuing a "strong-buy" rating and UBS raising its price target to $117.00, reflecting overall positive sentiment toward the stock.

Shaker Investments LLC OH raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 79.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,779 shares of the ride-sharing company's stock after buying an additional 20,294 shares during the quarter. Uber Technologies comprises about 1.7% of Shaker Investments LLC OH's investment portfolio, making the stock its 14th largest holding. Shaker Investments LLC OH's holdings in Uber Technologies were worth $4,271,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Hilltop National Bank acquired a new position in shares of Uber Technologies during the second quarter valued at about $96,000. Geneos Wealth Management Inc. increased its holdings in shares of Uber Technologies by 805.4% during the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock valued at $7,483,000 after acquiring an additional 91,362 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Uber Technologies by 42.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company's stock valued at $70,822,000 after acquiring an additional 226,960 shares in the last quarter. Kapstone Financial Advisors LLC acquired a new position in shares of Uber Technologies during the second quarter valued at about $415,000. Finally, Northeast Investment Management increased its holdings in shares of Uber Technologies by 168.2% during the second quarter. Northeast Investment Management now owns 91,481 shares of the ride-sharing company's stock valued at $8,535,000 after acquiring an additional 57,369 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This trade represents a 20.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer directly owned 22,528 shares of the company's stock, valued at $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 604,946 shares of company stock worth $58,950,116. Insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Guggenheim upgraded shares of Uber Technologies to a "strong-buy" rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Uber Technologies in a report on Tuesday, October 14th. UBS Group increased their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Roth Capital increased their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Cowen reiterated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.91.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.52 during mid-day trading on Friday, hitting $94.09. The company had a trading volume of 11,994,992 shares, compared to its average volume of 14,042,944. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company's fifty day moving average is $95.42 and its 200-day moving average is $89.38. The company has a market capitalization of $196.21 billion, a price-to-earnings ratio of 16.03 and a beta of 1.48.

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 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 for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The business's quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies 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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