Ossiam Buys 108,875 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ossiam increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 19,034.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,447 shares of the ride-sharing company’s stock after purchasing an additional 108,875 shares during the quarter. Ossiam’s holdings in Uber Technologies were worth $8,426,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Advisor Resource Council bought a new position in shares of Uber Technologies during the 4th quarter valued at approximately $216,000. HB Wealth Management LLC grew its position in Uber Technologies by 12.7% in the fourth quarter. HB Wealth Management LLC now owns 22,088 shares of the ride-sharing company’s stock worth $1,360,000 after acquiring an additional 2,484 shares in the last quarter. CoreCap Advisors LLC increased its stake in Uber Technologies by 8.3% during the fourth quarter. CoreCap Advisors LLC now owns 9,473 shares of the ride-sharing company’s stock worth $583,000 after acquiring an additional 729 shares during the last quarter. Salem Investment Counselors Inc. raised its position in Uber Technologies by 136.4% during the fourth quarter. Salem Investment Counselors Inc. now owns 688 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 397 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Uber Technologies by 4.9% in the 4th quarter. Raymond James & Associates now owns 2,319,476 shares of the ride-sharing company’s stock worth $142,810,000 after purchasing an additional 107,327 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 89,234 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the transaction, the insider now owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The disclosure for this sale can be found here. Insiders sold a total of 1,135,984 shares of company stock worth $78,213,297 over the last three months. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UBER. Bank of America decreased their price objective on Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, July 15th. UBS Group reduced their price objective on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Piper Sandler raised their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Finally, Wells Fargo & Company upped their price target on Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $85.97.

Uber Technologies Price Performance

Shares of UBER stock traded down $0.40 on Thursday, reaching $65.74. 22,394,625 shares of the company were exchanged, compared to its average volume of 18,889,467. The company has a market cap of $137.37 billion, a price-to-earnings ratio of 106.03, a P/E/G ratio of 1.48 and a beta of 1.36. The business has a 50-day moving average price of $68.60 and a 200 day moving average price of $70.89. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21.

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

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.