Uber Technologies, Inc. $UBER Shares Acquired by Generate Investment Management Ltd

Key Points

• Generate Investment Management Ltd increased its stake in Uber Technologies, acquiring an additional 47,213 shares and boosting its total holdings by 27.4% in Q2, now worth approximately $20.5 million.
• Insider trading activity was noted, with CEO Dara Khosrowshahi selling 150,000 shares valued at over $15 million and SVP Nikki Krishnamurthy selling 11,571 shares.
• Analysts generally maintain a positive outlook on Uber, with price targets raised; BMO Capital Markets increased its target from $101 to $113, while Morgan Stanley set a new price objective of $115.

Generate Investment Management Ltd boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 219,322 shares of the ride-sharing company's stock after acquiring an additional 47,213 shares during the period. Uber Technologies comprises about 1.1% of Generate Investment Management Ltd's holdings, making the stock its 28th biggest holding. Generate Investment Management Ltd's holdings in Uber Technologies were worth $20,463,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. lifted its position in shares of 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 valued at $890,000 after acquiring an additional 3,073 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Uber Technologies by 805.4% during 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 grew its stake in Uber Technologies by 42.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company's stock valued at $70,822,000 after acquiring an additional 226,960 shares in the last quarter. Kapstone Financial Advisors LLC acquired a new stake in Uber Technologies in the 2nd quarter valued at about $415,000. Finally, Revolve Wealth Partners LLC boosted its holdings in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 604,571 shares of company stock valued at $58,920,741 in the last quarter. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Trading Up 0.8%

NYSE UBER opened at $98.37 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $205.14 billion, a P/E ratio of 16.76 and a beta of 1.43. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The firm has a 50-day moving average price of $93.29 and a 200 day moving average price of $86.36.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on UBER shares. BMO Capital Markets raised their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Barclays reiterated an "overweight" rating and issued a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Wedbush reduced their target price on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Canaccord Genuity Group reiterated a "hold" rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Finally, Morgan Stanley reissued an "overweight" rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $103.30.

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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