Goldstream Capital Management Ltd Invests $2.04 Million in Uber Technologies, Inc. $UBER

Goldstream Capital Management Ltd bought a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, HoldingsChannel reports. The fund bought 21,839 shares of the ride-sharing company’s stock, valued at approximately $2,038,000. Uber Technologies comprises approximately 0.7% of Goldstream Capital Management Ltd’s holdings, making the stock its 22nd biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brant Point Investment Management LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth $933,000. Prudential PLC boosted its holdings in Uber Technologies by 15.7% during the second quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock worth $20,233,000 after buying an additional 29,359 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Uber Technologies by 1.7% during the second quarter. Panagora Asset Management Inc. now owns 2,082,067 shares of the ride-sharing company’s stock worth $194,257,000 after buying an additional 35,418 shares in the last quarter. Hilltop National Bank acquired a new position in Uber Technologies during the second quarter worth about $96,000. Finally, M&T Bank Corp increased its holdings in Uber Technologies by 13.9% in the second quarter. M&T Bank Corp now owns 426,163 shares of the ride-sharing company’s stock valued at $39,761,000 after buying an additional 52,002 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Wells Fargo & Company reduced their price objective on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Morgan Stanley dropped their price target on Uber Technologies from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Cantor Fitzgerald lifted their price target on Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.

Uber Technologies Stock Up 1.2%

UBER opened at $92.42 on Tuesday. The firm has a market cap of $192.04 billion, a P/E ratio of 11.88 and a beta of 1.19. The business’s fifty day simple moving average is $92.66 and its 200 day simple moving average is $91.87. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same period in the prior year, the firm earned $1.20 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the sale, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction that occurred on 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 567,625 shares of company stock valued at $55,385,660. Company insiders own 3.70% of the company’s stock.

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.