Cooper Investors PTY Ltd. Acquires 148,802 Shares of Uber Technologies, Inc. $UBER

Cooper Investors PTY Ltd. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 338.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 192,828 shares of the ride-sharing company’s stock after purchasing an additional 148,802 shares during the period. Uber Technologies accounts for about 6.4% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 3rd biggest holding. Cooper Investors PTY Ltd.’s holdings in Uber Technologies were worth $13,914,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Osbon Capital Management LLC purchased a new position in Uber Technologies in the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth $25,000. Portus Wealth Advisors LLC purchased a new position in shares of Uber Technologies in the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Uber Technologies in the 3rd quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Key Stories Impacting Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

  • Positive Sentiment: Investors are anticipating another quarter of growth in Uber’s Mobility and Delivery businesses. The company is expected to benefit from resilient ride demand, expanding delivery operations and improving profitability. Uber Stock: This Upcoming Catalyst Could Send It Higher
  • Positive Sentiment: Some investor commentary points to Uber’s strong free-cash-flow generation, share buybacks and relatively modest valuation as reasons the stock could rebound if the company delivers a strong quarter or raises guidance. Uber previously exceeded first-quarter EPS expectations and has guided to second-quarter EPS of approximately $0.78 to $0.82. Uber Stock Opinions on Upcoming Earnings Report
  • Neutral Sentiment: Uber’s August 5 earnings call is likely to focus on the Delivery Hero transaction, autonomous-vehicle strategy and the robotaxi program. Prediction-market traders assign high probabilities to discussion of Delivery Hero and Waymo, but show less confidence that Uber will provide significant robotaxi details. Uber Earnings Prediction Market Preview
  • Negative Sentiment: Waymo appears to be reducing cooperation with Uber, raising questions about the future of their robotaxi relationship. The reported rift could leave Uber’s autonomous-mobility ambitions more dependent on other partners and increase competitive pressure from Waymo’s directly operated services. Waymo rift leaves Uber’s robotaxi ambitions on shaky ground
  • Negative Sentiment: Toyota disclosed that it exited its entire 5.13 million-share Uber position during the second quarter. Although the sale may reflect portfolio management rather than a change in Uber’s fundamentals, it removes a major strategic investor and underscores uncertainty surrounding Uber’s autonomous-driving partnerships. Toyota Exits Entire Uber Stake

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Uber Technologies in a report on Monday, June 22nd. HSBC downgraded Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. The Goldman Sachs Group set a $100.00 price objective on Uber Technologies in a report on Monday, June 29th. Royal Bank Of Canada assumed coverage on Uber Technologies in a research report on Monday, May 11th. They issued an “outperform” rating for the company. Finally, Guggenheim reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.60.

View Our Latest Analysis on Uber Technologies

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $72.00 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average price is $71.83 and its two-hundred day moving average price is $73.94. The stock has a market cap of $146.56 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 6.54 and a beta of 1.13. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99.

Uber Technologies (NYSE:UBERGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The company had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 2.99 EPS for the current fiscal year.

Uber Technologies Company Profile

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

Further Reading

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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