Uber Technologies, Inc. (NYSE:UBER) Position Increased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 17.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,079 shares of the ride-sharing company’s stock after purchasing an additional 13,752 shares during the period. Caisse Des Depots ET Consignations’ holdings in Uber Technologies were worth $6,636,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Capital Research Global Investors raised its stake in Uber Technologies by 79.0% during the 4th 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 acquiring an additional 52,125,476 shares in the last quarter. Pacer Advisors Inc. raised its stake 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 acquiring an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. raised its stake 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 acquiring an additional 5,759,353 shares in the last quarter. Toyota Motor Corp bought a new stake in Uber Technologies during the 4th quarter valued at $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Uber Technologies during the 4th quarter valued at $298,644,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $92.59 on Friday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.02 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $193.63 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.03 and a beta of 1.43. The stock’s fifty day simple moving average is $89.33 and its 200-day simple moving average is $80.91.

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

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on UBER. BMO Capital Markets reaffirmed an “outperform” rating and set a $113.00 target price (up previously from $101.00) on shares of Uber Technologies in a research note on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Needham & Company LLC lifted their target price on Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, July 14th. DA Davidson lifted their price target on Uber Technologies from $80.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group boosted their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.82.

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.