Uber Technologies, Inc. $UBER Shares Bought by Jericho Capital Asset Management L.P.

Key Points

• Jericho Capital Asset Management L.P. increased its holdings in Uber Technologies by 13.7%, owning approximately 5.63 million shares valued at $410.2 million after purchasing an additional 678,628 shares.
• Institutional investors and hedge funds own 80.24% of Uber Technologies stock, with notable increases in holdings from Pacer Advisors and Vanguard Group.
• Uber's stock has received multiple price target increases from analysts, with current consensus estimates predicting an EPS of 2.54 for the full year.

Jericho Capital Asset Management L.P. grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,629,628 shares of the ride-sharing company's stock after purchasing an additional 678,628 shares during the period. Uber Technologies makes up approximately 7.5% of Jericho Capital Asset Management L.P.'s holdings, making the stock its 3rd largest holding. Jericho Capital Asset Management L.P. owned approximately 0.27% of Uber Technologies worth $410,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Toyota Motor Corp purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $309,192,000. Boston Partners grew its stake in shares of Uber Technologies by 43.8% in the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after buying an additional 2,749,456 shares in the last quarter. Finally, Baillie Gifford & Co. acquired a new stake in shares of Uber Technologies in the first quarter valued at about $167,532,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction dated 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 directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of the company's stock in a transaction dated 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 transaction, the insider owned 170,269 shares of the company's stock, valued at approximately $16,175,555. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock valued at $4,632,774 in the last 90 days. Corporate insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Roth Capital upped their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. KeyCorp raised their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Raymond James Financial raised their target price on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Price Performance

Shares of UBER opened at $92.08 on Friday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week 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 firm has a market cap of $192.03 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.07 and a beta of 1.43. The stock has a 50 day moving average of $92.43 and a 200-day moving average of $83.95.

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

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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