Robeco Institutional Asset Management B.V. Acquires 395,654 Shares of Uber Technologies, Inc. $UBER

Robeco Institutional Asset Management B.V. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,750,496 shares of the ride-sharing company’s stock after acquiring an additional 395,654 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of Uber Technologies worth $256,621,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBER. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies during the 1st quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after acquiring an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. raised its position in Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. raised its position in Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Finally, Boston Partners raised 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 valued at $658,686,000 after purchasing an additional 2,749,456 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Down 1.2%

Shares of UBER stock opened at $96.75 on Thursday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The stock’s fifty day moving average price is $93.72 and its 200 day moving average price is $86.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $201.76 billion, a price-to-earnings ratio of 16.48 and a beta of 1.48.

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

Analysts Set New Price Targets

UBER has been the subject of a number of research analyst reports. Susquehanna lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. BMO Capital Markets lifted their target price on Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Mizuho initiated coverage on Uber Technologies in a research report on Monday. They set an “outperform” rating and a $130.00 target price for the company. UBS Group lifted their target price on Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Wells Fargo & Company lifted their target price on Uber Technologies from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.09.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 604,571 shares of company stock worth $58,920,741 over the last quarter. Company insiders own 3.84% of the company’s stock.

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.