Qsemble Capital Management LP Makes New $749,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Qsemble Capital Management LP acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,971 shares of the ride-sharing company’s stock, valued at approximately $749,000.

A number of other hedge funds have also modified their holdings of the company. Edgewood Management LLC grew its holdings in shares of Uber Technologies by 10.5% in the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after acquiring an additional 2,627,768 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after buying an additional 237,976 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Uber Technologies by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock valued at $939,365,000 after buying an additional 1,601,747 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Uber Technologies by 9.6% during the second quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company’s stock worth $889,956,000 after buying an additional 1,076,876 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after acquiring an additional 3,179,308 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

UBER stock opened at $71.56 on Wednesday. The stock has a market cap of $150.68 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 0.91 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a 50 day simple moving average of $75.49 and a 200 day simple moving average of $71.20. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period last year, the business posted $0.10 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UBER. Citigroup boosted their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. DA Davidson boosted their price target on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets reissued an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a report on Friday, October 11th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $90.51.

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.