Woodline Partners LP Grows Holdings in Uber Technologies, Inc. $UBER

Key Points

• Woodline Partners LP significantly increased its stake in Uber Technologies by acquiring 567,089 shares, bringing its total ownership to 581,435 shares valued at approximately $42.36 million.
• Institutional investors currently own approximately 80.24% of Uber's stock, indicating strong confidence from large financial entities in the company's performance and potential.
• Uber's stock recently opened at $95.40 and has seen a 12-month low of $59.33 and high of $97.71, with the latest quarterly earnings surpassing analysts' expectations at $0.63 EPS.

Woodline Partners LP boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3,952.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 581,435 shares of the ride-sharing company's stock after purchasing an additional 567,089 shares during the quarter. Woodline Partners LP's holdings in Uber Technologies were worth $42,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Brighton Jones LLC increased its stake in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of 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 valued at $939,000 after buying an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $395,000. Bison Wealth LLC raised its position in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after purchasing an additional 641 shares during the last quarter. Finally, Fiduciary Trust Co raised its position in shares of Uber Technologies by 15.5% in the 4th quarter. Fiduciary Trust Co now owns 5,462 shares of the ride-sharing company's stock valued at $329,000 after purchasing an additional 732 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 0.5%

Uber Technologies stock traded up $0.51 during mid-day trading on Thursday, hitting $94.72. The company had a trading volume of 16,183,957 shares, compared to its average volume of 14,522,019. The stock has a market cap of $197.53 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.08 and a beta of 1.43. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. 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 business has a fifty day moving average of $92.57 and a 200 day moving average of $84.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UBER. Loop Capital reissued a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Susquehanna upped their target price 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. UBS Group boosted their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $103.06.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares of the company's stock, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total value of $296,875.00. Following the transaction, the insider directly owned 170,269 shares of the company's stock, valued at $16,175,555. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,696 shares of company stock valued at $4,632,774. Corporate insiders own 3.84% of the company's stock.

About Uber Technologies

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.