Black Creek Investment Management Inc. Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

Black Creek Investment Management Inc. boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 61.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,005 shares of the ride-sharing company’s stock after purchasing an additional 30,135 shares during the period. Uber Technologies comprises 0.2% of Black Creek Investment Management Inc.’s investment portfolio, making the stock its 23rd largest position. Black Creek Investment Management Inc.’s holdings in Uber Technologies were worth $5,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthspire Advisors LLC grew its stake in shares of Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after purchasing an additional 151 shares during the last quarter. Hilltop Holdings Inc. grew its position in shares of Uber Technologies by 2.9% in the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock worth $347,000 after buying an additional 157 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Uber Technologies by 3.3% during the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after buying an additional 157 shares during the period. Wellington Shields Capital Management LLC raised its holdings in shares of Uber Technologies by 6.1% during the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after acquiring an additional 159 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its stake in Uber Technologies by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 160 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $72.48 on Monday. The business has a 50-day simple moving average of $69.41 and a two-hundred day simple moving average of $70.89. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The stock has a market cap of $151.45 billion, a price-to-earnings ratio of 116.90, a PEG ratio of 1.21 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. On average, analysts expect that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on UBER shares. Wolfe Research initiated coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price objective for the company. Evercore ISI raised their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Bank of America reaffirmed a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a research report on Friday, August 23rd. Cantor Fitzgerald started coverage on Uber Technologies in a research report on Thursday, September 5th. They issued an “overweight” rating and a $90.00 target price for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.60.

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.