Uber Technologies, Inc. $UBER Holdings Raised by DSM Capital Partners LLC

DSM Capital Partners LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,625,476 shares of the ride-sharing company’s stock after buying an additional 113,330 shares during the quarter. Uber Technologies makes up about 3.6% of DSM Capital Partners LLC’s holdings, making the stock its 10th biggest position. DSM Capital Partners LLC’s holdings in Uber Technologies were worth $244,957,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in UBER. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies in the 2nd quarter worth $30,000. SLT Holdings LLC bought a new position in shares of Uber Technologies during the second quarter worth about $302,000. Aberdeen Group plc lifted its position in shares of Uber Technologies by 10.7% during the second quarter. Aberdeen Group plc now owns 1,913,919 shares of the ride-sharing company’s stock worth $177,277,000 after purchasing an additional 185,627 shares during the last quarter. PDS Planning Inc lifted its position in shares of Uber Technologies by 13.7% during the second quarter. PDS Planning Inc now owns 8,471 shares of the ride-sharing company’s stock worth $790,000 after purchasing an additional 1,019 shares during the last quarter. Finally, Gunderson Capital Management Inc. bought a new position in Uber Technologies in the second quarter worth about $7,577,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. UBS Group lifted their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Roth Capital raised their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Cantor Fitzgerald reissued 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. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.03.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock valued at $58,659,491 over the last 90 days. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $93.52 on Friday. The firm’s 50-day moving average is $94.86 and its 200-day moving average is $87.81. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $195.03 billion, a price-to-earnings ratio of 15.93 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company 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 firm posted $0.47 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies 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.