Clare Market Investments LLC Grows Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Clare Market Investments LLC increased its stake in Uber Technologies by 19.1% in the second quarter, owning approximately 86,790 shares valued at $8.1 million, making Uber its 14th largest investment.
• Insider Nikki Krishnamurthy sold 11,571 shares and Jill Hazelbaker sold 31,250 shares of Uber stock recently, indicating a decline in their holdings by 2.7% and 26.53%, respectively.
• Analysts have mixed reviews on Uber's stock, with one Strong Buy rating, twenty-nine Buy ratings, and a price target range that includes $127 from Wells Fargo and $110 from Roth Capital.

Clare Market Investments LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,790 shares of the ride-sharing company's stock after acquiring an additional 13,917 shares during the quarter. Uber Technologies makes up 1.8% of Clare Market Investments LLC's holdings, making the stock its 14th biggest holding. Clare Market Investments LLC's holdings in Uber Technologies were worth $8,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Pershing Square Capital Management L.P. purchased a new position in shares of Uber Technologies during the first quarter valued at approximately $2,207,743,000. Pacer Advisors Inc. lifted its holdings in 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 worth $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. boosted its stake in Uber Technologies by 3.2% in the 1st 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 during the period. Boston Partners boosted its stake in Uber Technologies by 43.8% in the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after purchasing an additional 2,749,456 shares during the period. Finally, Baillie Gifford & Co. bought a new position in Uber Technologies in the 1st quarter worth about $167,532,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

UBER stock traded up $3.98 during midday trading on Friday, reaching $98.68. 38,703,086 shares of the company's stock traded hands, compared to its average volume of 16,364,744. The stock's 50-day moving average is $92.63 and its 200 day moving average is $85.38. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $99.70. The stock has a market cap of $205.79 billion, a P/E ratio of 16.81, a PEG ratio of 1.13 and a beta of 1.43.

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

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares of the company's stock, valued at $2,239,733.76. This represents a 10.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the sale, the chief executive officer owned 1,132,544 shares of the company's stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 354,571 shares of company stock valued at $33,810,741. Company insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on UBER. BMO Capital Markets raised their target price on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Wedbush dropped their price target on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Royal Bank Of Canada lifted their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. KeyCorp boosted their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Bank of America boosted their price objective on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, Uber Technologies has an average 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.