Marshall Wace LLP Grows Stock Position in Uber Technologies, Inc. $UBER

Marshall Wace LLP raised its position in Uber Technologies, Inc. (NYSE:UBER) by 40.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,352,293 shares of the ride-sharing company’s stock after acquiring an additional 965,865 shares during the period. Marshall Wace LLP owned approximately 0.16% of Uber Technologies worth $312,769,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Kilter Group LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth $26,000. West Oak Capital LLC purchased a new stake in Uber Technologies in the 2nd quarter valued at approximately $28,000. Truvestments Capital LLC boosted its stake in shares of Uber Technologies by 498.5% during 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 purchased a new stake in shares of Uber Technologies during the second quarter worth about $30,000. Finally, Ransom Advisory Ltd acquired a new position in Uber Technologies in the 1st quarter valued at $31,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 0.3%

Shares of UBER opened at $90.95 on Friday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The stock has a 50-day moving average price of $92.94 and a 200 day moving average price of $91.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $188.98 billion, a P/E ratio of 11.69 and a beta of 1.19.

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 the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the transaction, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. This represents a 13.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 567,625 shares of company stock valued at $55,385,660 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UBER. UBS Group set a $122.00 price target on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, November 5th. BTIG Research reissued a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. Cantor Fitzgerald upped their price target on shares of Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. DA Davidson raised their price objective on Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.19.

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.