SkyView Investment Advisors LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

SkyView Investment Advisors LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,405 shares of the ride-sharing company’s stock after acquiring an additional 1,810 shares during the period. SkyView Investment Advisors LLC’s holdings in Uber Technologies were worth $2,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sender Co & Partners Inc. acquired a new position in shares of Uber Technologies in the second quarter valued at approximately $617,000. Shellback Capital LP purchased a new position in Uber Technologies in the 2nd quarter valued at approximately $5,451,000. Legal & General Group Plc grew its stake in shares of Uber Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock worth $1,107,529,000 after acquiring an additional 237,976 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Uber Technologies by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,294,878 shares of the ride-sharing company’s stock worth $94,098,000 after acquiring an additional 39,791 shares in the last quarter. Finally, Maverick Capital Ltd. increased its position in shares of Uber Technologies by 28.0% during the second quarter. Maverick Capital Ltd. now owns 1,404,425 shares of the ride-sharing company’s stock worth $102,074,000 after acquiring an additional 307,291 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE:UBER opened at $75.75 on Friday. The firm’s fifty day simple moving average is $70.26 and its 200-day simple moving average is $70.69. 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 $159.15 billion, a PE ratio of 122.18, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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. The firm had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share. Analysts expect that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on UBER shares. Melius initiated coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Truist Financial reissued a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a research report on Friday, September 6th. BMO Capital Markets restated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Tuesday, July 30th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, August 7th. Finally, TD Cowen increased their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.81.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was 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 directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

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.