WINTON GROUP Ltd Purchases Shares of 26,964 Uber Technologies, Inc. (NYSE:UBER)

WINTON GROUP Ltd acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 26,964 shares of the ride-sharing company’s stock, valued at approximately $1,960,000.

Several other institutional investors also recently modified their holdings of UBER. Vanguard Group Inc. lifted its holdings in Uber Technologies by 34.8% during the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after purchasing an additional 43,275,830 shares during the last quarter. Edgewood Management LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at about $783,401,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after buying an additional 9,996,508 shares during the last quarter. GQG Partners LLC boosted its holdings in shares of Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after buying an additional 9,541,366 shares during the period. Finally, Capital Research Global Investors grew its stake in Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after buying an additional 8,164,816 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 7th. Evercore ISI lifted their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $97.00 price objective on shares of Uber Technologies in a report on Friday. DA Davidson increased their price objective on Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, JMP Securities boosted their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.60.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’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 sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $72.48 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a market cap of $151.45 billion, a PE ratio of 116.90, a PEG ratio of 1.21 and a beta of 1.33. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The business has a 50-day simple moving average of $69.41 and a two-hundred day simple moving average of $70.89.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal 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.