Uber Technologies, Inc. $UBER Holdings Boosted by LGT Fund Management Co Ltd.

Key Points

• LGT Fund Management Co Ltd. increased its stake in Uber Technologies by 33.9% in Q2, acquiring an additional 28,118 shares, making the company its 26th largest holding.
• Uber's recent quarterly earnings showed a net margin of 26.68% and a revenue of $12.65 billion, which surpassed analyst estimates, resulting in an EPS of $0.63.
• Insider trading activity includes CEO Dara Khosrowshahi selling 300,000 shares for approximately $28.6 million, reflecting a decrease in ownership of 20.94%.

LGT Fund Management Co Ltd. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,087 shares of the ride-sharing company's stock after acquiring an additional 28,118 shares during the period. Uber Technologies comprises about 0.9% of LGT Fund Management Co Ltd.'s investment portfolio, making the stock its 26th biggest holding. LGT Fund Management Co Ltd.'s holdings in Uber Technologies were worth $10,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after acquiring an additional 3,073 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Uber Technologies by 805.4% in the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock worth $7,483,000 after acquiring an additional 91,362 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Uber Technologies by 42.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company's stock worth $70,822,000 after acquiring an additional 226,960 shares during the last quarter. Kapstone Financial Advisors LLC bought a new position in Uber Technologies in the second quarter worth about $415,000. Finally, Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

NYSE UBER opened at $96.53 on Friday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. 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 firm has a market capitalization of $201.30 billion, a PE ratio of 16.44 and a beta of 1.48. The company's 50 day simple moving average is $93.93 and its 200 day simple moving average is $87.04.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the business earned $0.47 earnings per share. The business's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Susquehanna lifted their price target on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a report on Thursday, August 7th. Sanford C. Bernstein lifted their price target on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Uber Technologies in a report on Saturday, September 27th. Wells Fargo & Company cut their price target on Uber Technologies from $127.00 to $125.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.03.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 604,571 shares of company stock valued at $58,920,741. 3.84% of the stock is currently owned by company insiders.

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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