Vinva Investment Management Ltd Acquires 26,535 Shares of Uber Technologies, Inc. $UBER

Vinva Investment Management Ltd boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 25.5% in the second quarter, HoldingsChannel reports. The firm owned 130,633 shares of the ride-sharing company’s stock after purchasing an additional 26,535 shares during the period. Vinva Investment Management Ltd’s holdings in Uber Technologies were worth $11,957,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. West Oak Capital LLC bought a new stake in shares of Uber Technologies in the 2nd quarter valued at $28,000. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies in the second quarter worth $30,000. Vision Financial Markets LLC bought a new stake in Uber Technologies in the first quarter valued at $27,000. Truvestments Capital LLC raised its holdings in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the period. Finally, REAP Financial Group LLC boosted its position in shares of Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 2.5%

Shares of UBER stock opened at $85.79 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $178.26 billion, a price-to-earnings ratio of 11.03 and a beta of 1.46. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a 50-day simple moving average of $94.07 and a two-hundred day simple moving average of $91.92.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the topic of several recent research reports. Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Piper Sandler set a $107.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. UBS Group set a $122.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Mizuho initiated coverage on shares of Uber Technologies in a research report on Monday, September 29th. They set an “outperform” rating and a $130.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Insider Buying and Selling at Uber Technologies

In other news, 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 directly owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This represents a 36.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 567,625 shares of company stock worth $55,385,660 over the last three months. 3.84% of the stock is currently owned by insiders.

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.