Lynwood Price Capital Management LP Has $8.53 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Lynwood Price Capital Management LP reduced its stake in Uber Technologies by 7.1%, maintaining its position as the 9th largest holding with 117,000 shares valued at approximately $8.5 million.
• Uber's stock received multiple analyst upgrades, including target price increases from Piper Sandler to $103 and from Goldman Sachs to $110, indicating a favorable outlook.
• Insider selling was noted, with CFO Prashanth Mahendra-Rajah and another insider reducing their holdings, reflecting a 25.46% decrease in the latter's position.

Lynwood Price Capital Management LP cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,000 shares of the ride-sharing company's stock after selling 9,000 shares during the quarter. Uber Technologies makes up about 4.9% of Lynwood Price Capital Management LP's portfolio, making the stock its 9th largest position. Lynwood Price Capital Management LP's holdings in Uber Technologies were worth $8,525,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nicolet Advisory Services LLC raised its holdings in shares of Uber Technologies by 26.3% in the 1st quarter. Nicolet Advisory Services LLC now owns 8,067 shares of the ride-sharing company's stock worth $572,000 after acquiring an additional 1,682 shares during the last quarter. Pasadena Private Wealth LLC acquired a new stake in shares of Uber Technologies in the 1st quarter worth about $220,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Uber Technologies by 57.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,568 shares of the ride-sharing company's stock worth $1,571,000 after acquiring an additional 7,852 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of Uber Technologies by 22.4% in the 1st quarter. Harbour Investments Inc. now owns 16,612 shares of the ride-sharing company's stock worth $1,210,000 after acquiring an additional 3,037 shares during the last quarter. Finally, MGO One Seven LLC raised its holdings in shares of Uber Technologies by 39.4% in the 1st quarter. MGO One Seven LLC now owns 29,428 shares of the ride-sharing company's stock worth $2,144,000 after acquiring an additional 8,318 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Raymond James Financial lowered shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Stifel Nicolaus raised their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Tuesday. Canaccord Genuity Group reissued a "hold" rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Citigroup raised their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.71.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated 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 $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,384 shares of company stock worth $3,496,071. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 0.9%

Shares of NYSE:UBER traded down $0.77 during midday trading on Friday, reaching $86.98. The company's stock had a trading volume of 15,719,480 shares, compared to its average volume of 16,246,386. The firm has a market cap of $181.89 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.71. The business has a 50 day moving average price of $89.12 and a 200 day moving average price of $80.29.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.32) EPS. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.