Uber Technologies, Inc. $UBER Shares Sold by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its holdings in Uber Technologies by 2.8%, owning approximately 2,097,714 shares valued at $152.8 million after selling 61,425 shares.
• Several institutional investors have increased their positions in Uber, with Clark Capital Management Group Inc. raising its stake by an astounding 11,354.8% in the previous quarter.
• Analysts have mixed ratings on Uber, with a consensus price target of $102.82, where Barclays and Sanford C. Bernstein have issued higher target prices of $110.00.

Caisse DE Depot ET Placement DU Quebec decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,097,714 shares of the ride-sharing company's stock after selling 61,425 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of Uber Technologies worth $152,839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Clark Capital Management Group Inc. increased its position in shares of Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares during the last quarter. UMB Bank n.a. grew its position in shares of Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after buying an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Uber Technologies by 65.0% in 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. Mufg Securities Americas Inc. bought a new position in Uber Technologies in the 4th quarter worth about $1,875,000. Finally, Dynamic Advisor Solutions LLC bought a new position in Uber Technologies in the 1st quarter worth about $943,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the 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 sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays restated an "overweight" rating and issued a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Loop Capital restated a "buy" rating and issued a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Sanford C. Bernstein upped their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Wedbush decreased their target price on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. One 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.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Trading Up 2.6%

Uber Technologies stock opened at $96.7020 on Monday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The stock has a market capitalization of $201.66 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43. The firm has a 50 day simple moving average of $91.08 and a 200-day simple moving average of $83.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the business earned $0.47 earnings per share. The business's quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.

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