Jupiter Asset Management Ltd. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Jupiter Asset Management Ltd. purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 6,829 shares of the ride-sharing company’s stock, valued at approximately $295,000.

A number of other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of Uber Technologies by 28.7% in the 1st quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock worth $822,000 after acquiring an additional 5,142 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Uber Technologies in the 1st quarter worth approximately $3,359,000. Panagora Asset Management Inc. grew its stake in shares of Uber Technologies by 29.3% in the 1st quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock worth $808,000 after buying an additional 5,134 shares during the last quarter. Yousif Capital Management LLC increased its position in Uber Technologies by 11.7% during the 1st quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock valued at $938,000 after buying an additional 2,756 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Uber Technologies by 17.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock valued at $40,838,000 after buying an additional 168,475 shares during the last quarter. Institutional investors own 74.07% of the company’s stock.

Insider Activity

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $51.40, for a total transaction of $963,750.00. Following the completion of the sale, the insider now directly owns 181,339 shares of the company’s stock, valued at approximately $9,320,824.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $51.40, for a total value of $963,750.00. Following the sale, the insider now directly owns 181,339 shares in the company, valued at $9,320,824.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi sold 50,016 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $50.00, for a total transaction of $2,500,800.00. Following the completion of the sale, the chief executive officer now owns 1,266,227 shares in the company, valued at approximately $63,311,350. The disclosure for this sale can be found here. Insiders have sold 187,616 shares of company stock worth $9,747,789 in the last three months. Company insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of several recent analyst reports. Barclays lifted their price target on Uber Technologies from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Morgan Stanley upped their price objective on Uber Technologies from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. The Goldman Sachs Group lifted their target price on Uber Technologies from $48.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $57.00 price target (up from $55.00) on shares of Uber Technologies in a report on Tuesday, November 7th. Finally, Susquehanna increased their price objective on Uber Technologies from $48.00 to $55.00 and gave the company a “positive” rating in a research report on Wednesday, August 2nd. Thirty investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $56.44.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $54.74 on Tuesday. The firm’s 50 day simple moving average is $46.55 and its two-hundred day simple moving average is $44.36. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $112.65 billion, a P/E ratio of 111.71 and a beta of 1.23. Uber Technologies, Inc. has a 1-year low of $23.90 and a 1-year high of $55.35.

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.