PointState Capital LP Acquires New Position in Uber Technologies, Inc. (NYSE:UBER)

PointState Capital LP bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 493,827 shares of the ride-sharing company’s stock, valued at approximately $29,788,000.

Several other hedge funds and other institutional investors have also bought and sold shares of UBER. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock valued at $10,903,846,000 after purchasing an additional 2,364,525 shares during the period. Capital Research Global Investors grew its stake in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC increased its holdings in Uber Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors raised its position in Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company’s stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after buying an additional 7,137,512 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of several recent analyst reports. KeyCorp lifted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Raymond James raised their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 8th. Wedbush lowered Uber Technologies from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.69.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,788 shares of company stock worth $9,028,690 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 1.7%

Shares of NYSE:UBER opened at $90.14 on Thursday. The stock has a 50 day moving average of $75.57 and a 200 day moving average of $71.82. The company has a market cap of $188.50 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $92.17. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.32) earnings per share. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies Company 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.