MayTech Global Investments LLC Acquires 20,118 Shares of Uber Technologies, Inc. (NYSE:UBER)

MayTech Global Investments LLC increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 11.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 195,930 shares of the ride-sharing company’s stock after purchasing an additional 20,118 shares during the quarter. Uber Technologies comprises about 1.4% of MayTech Global Investments LLC’s holdings, making the stock its 20th largest position. MayTech Global Investments LLC’s holdings in Uber Technologies were worth $11,818,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock valued at $10,903,846,000 after acquiring an additional 2,364,525 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC increased its stake in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors increased its stake in shares of Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company’s stock worth $1,831,021,000 after buying an additional 2,792,039 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 6.4%

UBER stock opened at $88.10 on Tuesday. The firm has a fifty day moving average price of $74.95 and a 200 day moving average price of $71.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market cap of $184.23 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $88.31.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company earned ($0.32) EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UBER shares. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Wedbush cut Uber Technologies from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Citigroup raised their price target on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.69.

Insider Transactions at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. This trade represents a 5.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,904 shares of company stock worth $6,027,619. 3.84% of the stock is currently owned by insiders.

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.