Boston Partners Has $850.94 Million Stock Holdings in Uber Technologies, Inc. $UBER

Boston Partners raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,138,546 shares of the ride-sharing company’s stock after buying an additional 107,329 shares during the period. Uber Technologies accounts for 1.0% of Boston Partners’ holdings, making the stock its 19th largest holding. Boston Partners owned approximately 0.44% of Uber Technologies worth $850,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the 1st quarter valued at $27,000. West Oak Capital LLC bought a new position in Uber Technologies in the second quarter valued at about $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 purchasing an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies during the second quarter valued at about $30,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Uber Technologies during the first quarter worth about $31,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction 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 sale, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. This represents a 20.94% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 604,946 shares of company stock worth $58,950,116. Company insiders own 3.70% of the company’s stock.

Uber Technologies Stock Performance

UBER stock opened at $94.17 on Tuesday. The stock has a 50-day moving average price of $95.47 and a 200-day moving average price of $91.44. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a market cap of $195.67 billion, a PE ratio of 12.10 and a beta of 1.46.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UBER shares. Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Cantor Fitzgerald raised their price target on shares of Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Mizuho assumed coverage on shares of Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 price target on the stock. BTIG Research restated a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. Finally, Roth Capital lifted their target price on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price 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.