Lombard Odier Asset Management Europe Ltd Buys Shares of 60,752 Uber Technologies, Inc. (NYSE:UBER)

Lombard Odier Asset Management Europe Ltd purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 60,752 shares of the ride-sharing company’s stock, valued at approximately $4,415,000.

A number of other institutional investors have also made changes to their positions in UBER. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares during the last quarter. Financial Management Professionals Inc. increased its stake in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares during the last quarter. WR Wealth Planners LLC raised its position in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares during the period. J.Safra Asset Management Corp bought a new position in Uber Technologies during the 1st quarter worth approximately $32,000. Finally, MCF Advisors LLC grew its holdings in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in 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 target price on the stock. Roth Mkm lifted their target price on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Loop Capital increased their price target on Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Truist Financial reiterated a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a report on Friday, September 6th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $97.00 target price on shares of Uber Technologies in a research note on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.60.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Uber Technologies 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 transaction 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 1.8 %

UBER opened at $73.94 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. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The stock has a market capitalization of $154.50 billion, a price-to-earnings ratio of 119.26, a P/E/G ratio of 1.27 and a beta of 1.33. The company has a 50-day simple moving average of $69.60 and a 200 day simple moving average of $70.66.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping 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 business had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the prior year, the company earned $0.18 EPS. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts predict that Uber Technologies, Inc. will post 1.06 EPS for the current fiscal year.

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.