Anderson Hoagland & Co. Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Anderson Hoagland & Co. grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 50.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,762 shares of the ride-sharing company’s stock after acquiring an additional 25,926 shares during the period. Anderson Hoagland & Co.’s holdings in Uber Technologies were worth $3,357,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Uber Technologies by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 89,767,050 shares of the ride-sharing company’s stock valued at $3,202,889,000 after purchasing an additional 1,368,569 shares during the period. Altimeter Capital Management LP boosted its stake in shares of Uber Technologies by 167.5% during the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after purchasing an additional 19,260,000 shares in the last quarter. Norges Bank bought a new position in shares of Uber Technologies in the 4th quarter worth $580,568,000. Capital World Investors raised its position in shares of Uber Technologies by 18.5% in the 1st quarter. Capital World Investors now owns 22,070,619 shares of the ride-sharing company’s stock worth $787,480,000 after acquiring an additional 3,443,554 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Uber Technologies by 3.3% during the 1st quarter. Fisher Asset Management LLC now owns 20,785,980 shares of the ride-sharing company’s stock worth $658,916,000 after purchasing an additional 660,757 shares during the last quarter. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on UBER. Loop Capital increased their price target on shares of Uber Technologies from $48.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Citigroup raised their price objective on Uber Technologies from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Mizuho upped their price objective on shares of Uber Technologies from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Susquehanna lifted their target price on shares of Uber Technologies from $48.00 to $55.00 and gave the stock a “positive” rating in a research note on Wednesday, August 2nd. Finally, Barclays upped their price target on shares of Uber Technologies from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Thirty-one investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $56.00.

Uber Technologies Price Performance

Uber Technologies stock traded down $0.37 during trading on Friday, reaching $47.95. The company had a trading volume of 3,429,984 shares, compared to its average volume of 22,947,494. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.23 and a current ratio of 1.24. The firm’s 50-day simple moving average is $45.85 and its 200 day simple moving average is $39.50. The firm has a market capitalization of $97.99 billion, a PE ratio of -219.63 and a beta of 1.23. Uber Technologies, Inc. has a 1-year low of $22.94 and a 1-year high of $49.49.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.19. Uber Technologies had a negative net margin of 1.07% and a negative return on equity of 4.57%. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.34 billion. During the same period last year, the company posted ($1.33) EPS. Uber Technologies’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 0.41 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other news, CFO Nelson Chai sold 100,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $45.05, for a total transaction of $4,505,000.00. Following the completion of the sale, the chief financial officer now owns 291,807 shares of the company’s stock, valued at $13,145,905.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 69,975 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $45.00, for a total value of $3,148,875.00. Following the completion of the sale, the chief executive officer now directly owns 1,416,243 shares in the company, valued at approximately $63,730,935. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Nelson Chai sold 100,000 shares of Uber Technologies stock in a transaction on Monday, August 21st. The stock was sold at an average price of $45.05, for a total value of $4,505,000.00. Following the transaction, the chief financial officer now owns 291,807 shares in the company, valued at approximately $13,145,905.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 300,000 shares of company stock valued at $13,756,000. 3.84% of the stock is owned by insiders.

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.