Uber Technologies, Inc. (NYSE:UBER) Stock Position Boosted by Octahedron Capital Management L.P.

Octahedron Capital Management L.P. grew its position in Uber Technologies, Inc. (NYSE:UBER) by 82.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,500 shares of the ride-sharing company’s stock after acquiring an additional 44,500 shares during the quarter. Uber Technologies comprises 7.2% of Octahedron Capital Management L.P.’s holdings, making the stock its 6th largest position. Octahedron Capital Management L.P.’s holdings in Uber Technologies were worth $7,159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Precision Wealth Strategies LLC purchased a new position in Uber Technologies during the fourth quarter worth approximately $444,000. 9258 Wealth Management LLC lifted its position in Uber Technologies by 52.6% during the fourth quarter. 9258 Wealth Management LLC now owns 12,138 shares of the ride-sharing company’s stock worth $747,000 after buying an additional 4,185 shares in the last quarter. Rollins Financial purchased a new stake in Uber Technologies in the fourth quarter valued at $265,000. GW&K Investment Management LLC purchased a new stake in Uber Technologies in the fourth quarter valued at $33,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in Uber Technologies by 12.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 247,108 shares of the ride-sharing company’s stock valued at $15,214,000 after purchasing an additional 27,342 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.8 %

Shares of NYSE UBER opened at $73.94 on Friday. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $154.50 billion, a price-to-earnings ratio of 119.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. The business has a 50-day moving average of $69.60 and a two-hundred day moving average of $70.77.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share 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 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 previous year, the business earned $0.18 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts forecast that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on UBER. Cantor Fitzgerald began coverage on Uber Technologies in a research report on Thursday, September 5th. They issued an “overweight” rating and a $90.00 target price on the stock. Morgan Stanley lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Bank of America restated a “buy” rating and issued a $88.00 target price on shares of Uber Technologies in a research report on Friday, August 23rd. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $87.60.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s 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 completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred 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 directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

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.