Jackson Square Partners LLC Sells 19,938 Shares of Uber Technologies, Inc. $UBER

Jackson Square Partners LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 35.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,473 shares of the ride-sharing company’s stock after selling 19,938 shares during the quarter. Jackson Square Partners LLC’s holdings in Uber Technologies were worth $3,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in UBER. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $27,000. West Oak Capital LLC acquired a new position in Uber Technologies in the second quarter valued at approximately $28,000. Truvestments Capital LLC boosted its stake in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the 2nd quarter worth $30,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Uber Technologies during the 1st quarter valued at $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

UBER opened at $92.03 on Friday. The company has a market capitalization of $191.21 billion, a price-to-earnings ratio of 11.83 and a beta of 1.46. The business’s 50-day moving average price is $95.46 and its two-hundred day moving average price is $91.09. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same period last year, the company earned $1.20 earnings per share. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. This trade represents a 20.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. TD Cowen raised their price target on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group set a $122.00 price target on shares of Uber Technologies and gave the company a “buy” rating in a research report on Wednesday. KeyCorp upped their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Wedbush reduced their price target on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Finally, Roth Capital boosted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $108.26.

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.