Uber Technologies, Inc. $UBER Holdings Raised by Quadrature Capital Ltd

Quadrature Capital Ltd lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 286,358 shares of the ride-sharing company’s stock after acquiring an additional 37,989 shares during the quarter. Quadrature Capital Ltd’s holdings in Uber Technologies were worth $26,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Nova Wealth Management Inc. raised its holdings in shares of Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 125 shares during the period. Atticus Wealth Management LLC grew its position in shares of Uber Technologies by 39.8% during the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 127 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its stake in Uber Technologies by 4.4% during the second quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock worth $285,000 after acquiring an additional 129 shares during the period. Clearstead Trust LLC raised its stake in Uber Technologies by 0.5% during the second quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock worth $2,424,000 after acquiring an additional 130 shares during the period. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in Uber Technologies by 0.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 18,883 shares of the ride-sharing company’s stock worth $1,762,000 after acquiring an additional 132 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. Wedbush lowered their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. Stifel Nicolaus set a $122.00 target price on Uber Technologies in a research report on Tuesday, November 4th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Finally, 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 for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Trading Up 2.5%

Shares of UBER stock opened at $85.79 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The stock has a fifty day moving average of $93.90 and a two-hundred day moving average of $91.88. The firm has a market capitalization of $178.26 billion, a PE ratio of 11.03 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tony West sold 100,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 567,625 shares of company stock valued at $55,385,660. Company insiders own 3.84% of the company’s stock.

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.