Theleme Partners LLP Buys New Stake in Uber Technologies, Inc. (NYSE:UBER)

Theleme Partners LLP bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,253,750 shares of the ride-sharing company's stock, valued at approximately $75,626,000. Uber Technologies accounts for about 5.1% of Theleme Partners LLP's investment portfolio, making the stock its 8th largest position. Theleme Partners LLP owned about 0.06% of Uber Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Grassi Investment Management lifted its position in Uber Technologies by 0.5% during the fourth quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company's stock valued at $5,907,000 after purchasing an additional 500 shares during the period. Ritholtz Wealth Management raised its position in shares of Uber Technologies by 3.8% in the fourth quarter. Ritholtz Wealth Management now owns 36,776 shares of the ride-sharing company's stock worth $2,218,000 after acquiring an additional 1,331 shares during the period. Empirical Asset Management LLC acquired a new position in shares of Uber Technologies in the fourth quarter worth about $704,000. Goldstone Financial Group LLC raised its position in shares of Uber Technologies by 17.1% in the fourth quarter. Goldstone Financial Group LLC now owns 3,664 shares of the ride-sharing company's stock worth $221,000 after acquiring an additional 536 shares during the period. Finally, Procyon Advisors LLC raised its position in shares of Uber Technologies by 13.5% in the fourth quarter. Procyon Advisors LLC now owns 7,177 shares of the ride-sharing company's stock worth $433,000 after acquiring an additional 851 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Uber Technologies stock opened at $91.80 on Friday. The firm has a 50 day simple moving average of $76.33 and a 200-day simple moving average of $71.94. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $92.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market cap of $191.96 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the prior year, the company posted ($0.32) EPS. The business's revenue for the quarter was up 13.8% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,788 shares of company stock valued at $9,028,690 in the last 90 days. Company insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

UBER has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America upped their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Citigroup upped their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $92.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.