Uber Technologies, Inc. $UBER is Altimeter Capital Management LP's 5th Largest Position

Key Points

• Altimeter Capital Management LP has increased its stake in Uber Technologies by 1.4%, now holding approximately 5.67 million shares, which makes up 8.3% of their portfolio.
• Analysts have a consensus rating of "Moderate Buy" for Uber Technologies, with target prices ranging from $102.82 to $117.00.
• Uber reported a net margin of 26.68% and earnings per share of $0.63, surpassing analysts' estimates in its most recent quarterly earnings.

Altimeter Capital Management LP grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,666,302 shares of the ride-sharing company's stock after purchasing an additional 77,510 shares during the period. Uber Technologies comprises about 8.3% of Altimeter Capital Management LP's portfolio, making the stock its 5th biggest position. Altimeter Capital Management LP owned about 0.27% of Uber Technologies worth $412,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Clark Capital Management Group Inc. grew its position in shares of 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 worth $24,280,000 after buying an additional 399,008 shares in the last quarter. UMB Bank n.a. grew its position in shares of 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 worth $890,000 after buying an additional 3,073 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of 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 worth $939,000 after buying an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. acquired a new position in shares of Uber Technologies during the fourth quarter worth about $1,875,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of Uber Technologies during the first quarter worth about $943,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UBER shares. Bank of America boosted their price objective on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Raymond James Financial boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Loop Capital reaffirmed a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded down $1.09 during trading hours on Friday, hitting $90.89. 20,364,649 shares of the company were exchanged, compared to its average volume of 14,781,707. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $92.42 and a 200-day moving average of $84.01. The stock has a market capitalization of $189.54 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.05 and a beta of 1.43.

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

Insider Buying and Selling

In other news, insider Tony West sold 3,125 shares of the company'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 in the company, valued at $16,175,555. This represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company's stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock worth $4,632,774 over the last three months. 3.84% of the stock is owned by company insiders.

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.