O Shaughnessy Asset Management LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

O Shaughnessy Asset Management LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 157,369 shares of the ride-sharing company’s stock after buying an additional 25,888 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Uber Technologies were worth $12,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Uber Technologies by 2.2% during the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after buying an additional 3,623,951 shares during the last quarter. Capital World Investors boosted its stake in Uber Technologies by 0.7% during the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after buying an additional 283,802 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after purchasing an additional 8,164,816 shares during the last quarter. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at $1,415,778,000. Finally, Brown Advisory Inc. lifted its stake in shares of Uber Technologies by 14.7% in the 4th quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock valued at $1,107,745,000 after purchasing an additional 2,307,763 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. Insiders sold a total of 1,135,984 shares of company stock valued at $78,213,297 in the last three months. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $0.21 during trading hours on Tuesday, reaching $67.52. The stock had a trading volume of 9,258,778 shares, compared to its average volume of 18,889,084. The firm has a market cap of $141.08 billion, a price-to-earnings ratio of 109.39, a PEG ratio of 1.47 and a beta of 1.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The firm has a 50-day moving average of $68.58 and a 200-day moving average of $70.89.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share. Equities research analysts predict that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. Tigress Financial upped their price target on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. UBS Group decreased their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Citigroup upped their price target on Uber Technologies from $93.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Jefferies Financial Group decreased their price target on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Wolfe Research initiated coverage on Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.97.

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.