Uber Technologies, Inc. $UBER Stock Holdings Increased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,318,406 shares of the ride-sharing company’s stock after acquiring an additional 66,338 shares during the period. Uber Technologies makes up approximately 3.2% of Douglass Winthrop Advisors LLC’s holdings, making the stock its 8th biggest holding. Douglass Winthrop Advisors LLC’s holdings in Uber Technologies were worth $168,919,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of UBER. Pacer Advisors Inc. raised 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 worth $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 3.2% during 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 acquiring an additional 5,759,353 shares in the last quarter. Toyota Motor Corp purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $309,192,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $298,644,000. Finally, Boston Partners raised its holdings in shares of Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock worth $658,686,000 after acquiring an additional 2,749,456 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on UBER. Barclays reaffirmed an “overweight” rating and set a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Royal Bank Of Canada increased their price target on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a “buy” rating in a report on Friday, May 23rd. Canaccord Genuity Group restated a “hold” rating and set a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Finally, Citigroup increased their price target on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.82.

Uber Technologies Stock Performance

NYSE:UBER opened at $96.7020 on Friday. The stock’s fifty day moving average is $91.08 and its 200 day moving average is $82.81. The firm has a market capitalization of $201.66 billion, a PE ratio of 16.47, a PEG ratio of 1.08 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling 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 Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company’s stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

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.