Teewinot Capital Advisers L.L.C. Has $46.69 Million Holdings in Uber Technologies, Inc. $UBER

Key Points

• Teewinot Capital Advisers L.L.C. reduced its stake in Uber by 7.4%, holding 640,759 shares, making it the firm's 9th largest position, valued at approximately $46.7 million.
• Uber's quarterly earnings exceeded expectations with a revenue of $12.65 billion and an EPS of $0.63, reflecting an 18.2% year-over-year growth.
• Brokerages project strong growth for Uber, with many raising their price targets, indicating an average consensus target price of $103.06 with a rating of "Moderate Buy."

Teewinot Capital Advisers L.L.C. decreased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 640,759 shares of the ride-sharing company's stock after selling 51,446 shares during the quarter. Uber Technologies makes up approximately 4.8% of Teewinot Capital Advisers L.L.C.'s portfolio, making the stock its 9th largest position. Teewinot Capital Advisers L.L.C.'s holdings in Uber Technologies were worth $46,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tenzing Global Management LLC boosted its holdings in shares of Uber Technologies by 104.5% in the 1st quarter. Tenzing Global Management LLC now owns 112,500 shares of the ride-sharing company's stock worth $8,197,000 after buying an additional 57,500 shares during the last quarter. Theleme Partners LLP boosted its holdings in shares of Uber Technologies by 22.0% in the 1st quarter. Theleme Partners LLP now owns 1,529,750 shares of the ride-sharing company's stock worth $111,458,000 after buying an additional 276,000 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Uber Technologies by 36.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 720,754 shares of the ride-sharing company's stock worth $52,514,000 after buying an additional 191,783 shares during the last quarter. United American Securities Inc. d b a UAS Asset Management boosted its holdings in shares of Uber Technologies by 197.2% in the 1st quarter. United American Securities Inc. d b a UAS Asset Management now owns 244,220 shares of the ride-sharing company's stock worth $17,794,000 after buying an additional 162,057 shares during the last quarter. Finally, Select Equity Group L.P. purchased a new position in shares of Uber Technologies in the 1st quarter worth about $9,299,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE UBER traded up $3.18 during trading on Monday, hitting $94.17. 18,882,614 shares of the company's stock traded hands, compared to its average volume of 14,490,310. The stock has a market capitalization of $196.38 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.04 and a beta of 1.43. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The business has a 50 day moving average of $92.44 and a 200-day moving average of $84.16.

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

Insider Activity

In other news, insider Tony West sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the transaction, the insider directly owned 170,269 shares in the company, valued at approximately $16,175,555. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,696 shares of company stock valued at $4,632,774 over the last ninety days. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. Needham & Company LLC boosted their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Raymond James Financial boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. Susquehanna boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Finally, Loop Capital reaffirmed a "buy" rating and set a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

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.