Shell Asset Management Co. Purchases 13,738 Shares of Uber Technologies, Inc. $UBER

Shell Asset Management Co. increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 10.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 140,104 shares of the ride-sharing company’s stock after acquiring an additional 13,738 shares during the period. Shell Asset Management Co.’s holdings in Uber Technologies were worth $13,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies during the 1st quarter valued at about $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its position in Uber Technologies by 334,075.7% in the second 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 purchasing an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. raised its position in Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after acquiring an additional 6,254,898 shares during the period. Vanguard Group Inc. lifted its position 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 valued at $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Finally, Boston Partners lifted its position in shares of 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 buying an additional 2,749,456 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 100,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. This represents a 13.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 601,821 shares of company stock valued at $58,659,491. 3.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UBER. Sanford C. Bernstein lifted their target price on Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Raymond James Financial boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 7th. BMO Capital Markets raised their price target on Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. KeyCorp increased their target price on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $106.00 target price (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

Uber Technologies Stock Up 3.5%

Shares of Uber Technologies stock opened at $100.02 on Tuesday. The company has a market cap of $208.58 billion, a P/E ratio of 17.04 and a beta of 1.48. 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 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average price is $94.12 and its 200-day moving average price is $87.40.

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

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.