Samlyn Capital LLC Takes $134.99 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Samlyn Capital LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,857,275 shares of the ride-sharing company’s stock, valued at approximately $134,987,000. Uber Technologies comprises approximately 2.2% of Samlyn Capital LLC’s investment portfolio, making the stock its 17th largest position. Samlyn Capital LLC owned 0.09% of Uber Technologies as of its most recent SEC filing.

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

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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 transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was 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 approximately $91,046,257.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.0 %

Shares of UBER stock opened at $74.69 on Tuesday. 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 business has a 50-day moving average price of $69.65 and a two-hundred day moving average price of $70.63. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The firm has a market cap of $156.07 billion, a P/E ratio of 120.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) 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 firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies, Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. Truist Financial reiterated a “buy” rating and set a $88.00 target price on shares of Uber Technologies in a report on Friday, September 6th. Oppenheimer reiterated an “outperform” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, June 5th. Citigroup increased their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Piper Sandler lifted their target price on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Finally, Wolfe Research began coverage on Uber Technologies in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price on the stock. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.