Fernbridge Capital Management LP Acquires 176,385 Shares of Uber Technologies, Inc. (NYSE:UBER)

Fernbridge Capital Management LP increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 32.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 712,773 shares of the ride-sharing company’s stock after buying an additional 176,385 shares during the period. Uber Technologies accounts for about 3.4% of Fernbridge Capital Management LP’s portfolio, making the stock its 14th largest position. Fernbridge Capital Management LP’s holdings in Uber Technologies were worth $51,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its position in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Uber Technologies by 111.6% in the first 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 in the last quarter. WR Wealth Planners LLC lifted its stake in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $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 about $32,000. Finally, MCF Advisors LLC increased its position in Uber Technologies by 1,038.5% during the 2nd 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. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. 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 note on Tuesday, July 23rd. DA Davidson boosted their price target on Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Morgan Stanley lifted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Four research 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, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $87.60.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the 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 completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on 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 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, 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. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Down 1.8 %

UBER opened at $73.94 on Friday. The firm 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 company’s 50 day simple moving average is $69.60 and its two-hundred day simple moving average is $70.72. 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.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter last year, the business posted $0.18 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. Analysts expect that Uber Technologies, Inc. will post 1.06 EPS 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.