Woodline Partners LP Acquires 567,089 Shares of Uber Technologies, Inc. $UBER

Woodline Partners LP increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3,952.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 581,435 shares of the ride-sharing company’s stock after acquiring an additional 567,089 shares during the quarter. Woodline Partners LP’s holdings in Uber Technologies were worth $42,363,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $2,207,743,000. Northern Trust Corp boosted its position in Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock worth $1,401,873,000 after buying an additional 720,122 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock worth $995,801,000 after buying an additional 394,157 shares during the period. Finally, Boston Partners boosted its position in Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock worth $658,686,000 after buying an additional 2,749,456 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the transaction, the insider directly owned 170,269 shares in the company, valued at approximately $16,175,555. This represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,696 shares of company stock valued at $4,632,774 in the last ninety days. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 1.1%

Shares of Uber Technologies stock opened at $95.40 on Wednesday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The company has a market cap of $198.95 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.08 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average price is $92.50 and its 200-day moving average price is $84.24.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on UBER shares. Loop Capital restated a “buy” rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Stifel Nicolaus lifted their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Wedbush decreased their price target on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Finally, Raymond James Financial lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $103.06.

Uber Technologies 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.