Uber Technologies, Inc. (NYSE:UBER) Stock Position Boosted by Rovida Investment Management Ltd

Key Points

• Rovida Investment Management Ltd increased its stake in Uber Technologies by 36.4% during Q1, owning 150,000 shares worth approximately $10.9 million, making Uber its 9th largest holding.
• Insider Jill Hazelbaker sold 34,884 shares of Uber stock on May 12, resulting in a 25.46% decrease in her ownership, while CFO Prashanth Mahendra-Rajah also sold shares amounting to a 11.12% decrease in his position.
• Multiple brokerages have updated their ratings on Uber, with Barclays maintaining an "overweight" rating while Goldman Sachs raised its target price to $110.00, contributing to Uber's average target price of $102.82 and a consensus rating of "Moderate Buy."

Rovida Investment Management Ltd boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,000 shares of the ride-sharing company's stock after buying an additional 40,000 shares during the quarter. Uber Technologies makes up approximately 3.4% of Rovida Investment Management Ltd's investment portfolio, making the stock its 9th biggest holding. Rovida Investment Management Ltd's holdings in Uber Technologies were worth $10,935,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Clark Capital Management Group Inc. increased its holdings in Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after buying an additional 399,008 shares during the period. UMB Bank n.a. increased its holdings in Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after buying an additional 3,073 shares during the period. Revolve Wealth Partners LLC increased its holdings in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the period. Mufg Securities Americas Inc. purchased a new position in Uber Technologies during the fourth quarter valued at approximately $1,875,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in Uber Technologies during the first quarter valued at approximately $943,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's 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 sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on UBER. Barclays restated an "overweight" rating and issued a $110.00 target price (up from $97.00) on shares of Uber Technologies in a research note on Thursday. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wedbush lowered their target price on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Citigroup raised their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $102.82.

Uber Technologies Stock Down 3.3%

UBER opened at $89.64 on Friday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.11. The company has a fifty day moving average of $89.44 and a two-hundred day moving average of $81.16. The stock has a market capitalization of $187.45 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.03 and a beta of 1.43.

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

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