AustralianSuper Pty Ltd Invests $15.73 Million in Uber Technologies, Inc. $UBER

AustralianSuper Pty Ltd purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, HoldingsChannel reports. The firm purchased 168,605 shares of the ride-sharing company’s stock, valued at approximately $15,731,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Brighton Jones LLC grew 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 valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its stake 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 valued at $939,000 after buying an additional 6,129 shares during the last quarter. Bison Wealth LLC grew its stake in 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 buying an additional 641 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Uber Technologies by 182.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,272 shares of the ride-sharing company’s stock valued at $48,412,000 after buying an additional 428,404 shares during the last quarter. Finally, Joel Isaacson & Co. LLC grew its stake in Uber Technologies by 106.7% in the 1st quarter. Joel Isaacson & Co. LLC now owns 8,136 shares of the ride-sharing company’s stock valued at $593,000 after buying an additional 4,200 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the sale, the chief executive officer owned 982,544 shares in the company, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 604,946 shares of company stock worth $58,950,116 in the last 90 days. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. JPMorgan Chase & Co. raised their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. UBS Group raised their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Piper Sandler raised their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.91.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $96.47 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50-day simple moving average is $95.48 and its 200-day simple moving average is $89.84. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The firm has a market cap of $201.18 billion, a P/E ratio of 16.43 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share 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 for the quarter, compared to analyst estimates of $12.45 billion. During the same period in the previous year, the business earned $0.47 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. As a group, 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.