Trexquant Investment LP Trims Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Trexquant Investment LP significantly reduced its stake in Uber Technologies, trimming its holdings by 70.9% to 121,608 shares, valued at approximately $8.86 million.
• Several institutional investors increased their positions in Uber, with OMERS ADMINISTRATION Corp raising its stake by 15.9% and Truvestments Capital LLC increasing its holdings by an impressive 498.5%.
• Analyst ratings for Uber remain positive, with 29 analysts issuing a "Buy" rating and an average price target of $102.82, reflecting a consensus rating of "Moderate Buy."

Trexquant Investment LP decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 70.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,608 shares of the ride-sharing company's stock after selling 295,603 shares during the period. Trexquant Investment LP's holdings in Uber Technologies were worth $8,860,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. OMERS ADMINISTRATION Corp increased its stake in shares of Uber Technologies by 15.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 207,763 shares of the ride-sharing company's stock worth $15,138,000 after purchasing an additional 28,518 shares in the last quarter. Broyhill Asset Management LLC increased its stake in shares of Uber Technologies by 168.4% in the first quarter. Broyhill Asset Management LLC now owns 20,732 shares of the ride-sharing company's stock worth $1,511,000 after purchasing an additional 13,007 shares in the last quarter. Truvestments Capital LLC increased its stake in shares of Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 339 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Uber Technologies in the first quarter worth about $8,990,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of Uber Technologies in the first quarter worth about $3,916,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. Loop Capital reiterated a "buy" rating and issued a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. BMO Capital Markets boosted their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, DA Davidson boosted their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Trading Down 2.3%

Shares of Uber Technologies stock opened at $93.80 on Friday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The firm has a market cap of $195.61 billion, a PE ratio of 15.98, a PEG ratio of 1.10 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. The company has a 50 day simple moving average of $92.21 and a two-hundred day simple moving average of $83.58.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the previous year, the business posted $0.47 earnings per share. Uber Technologies's revenue for the quarter was up 18.2% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,696 shares of company stock valued at $4,632,774. Company insiders own 3.84% of the company's stock.

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.

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