Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Deltec Asset Management LLC

Deltec Asset Management LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 25.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,347 shares of the ride-sharing company’s stock after acquiring an additional 73,680 shares during the quarter. Uber Technologies accounts for 5.0% of Deltec Asset Management LLC’s portfolio, making the stock its 4th largest position. Deltec Asset Management LLC’s holdings in Uber Technologies were worth $26,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after purchasing an additional 43,275,830 shares in the last quarter. Norges Bank bought a new position in shares of Uber Technologies in the fourth quarter valued at about $1,415,778,000. Edgewood Management LLC acquired a new position in Uber Technologies during the 4th quarter worth about $783,401,000. Price T Rowe Associates Inc. MD lifted its position in Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after buying an additional 9,996,508 shares in the last quarter. Finally, GQG Partners LLC grew its holdings in Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after acquiring an additional 9,541,366 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were 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 owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Tony West sold 89,234 shares of Uber Technologies 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 $8,518,750.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated 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 owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,117,234 shares of company stock valued at $76,982,734. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

Shares of UBER traded up $0.87 during mid-day trading on Wednesday, hitting $71.93. 11,741,269 shares of the company’s stock were exchanged, compared to its average volume of 19,150,117. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a market cap of $150.30 billion, a price-to-earnings ratio of 114.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.36. The stock’s 50-day simple moving average is $68.71 and its 200-day simple moving average is $71.11. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Uber Technologies’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley increased their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. JMP Securities boosted their price objective on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Jefferies Financial Group dropped their price target on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Bank of America reduced their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.47.

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.