Theleme Partners LLP Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Theleme Partners LLP bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,253,750 shares of the ride-sharing company’s stock, valued at approximately $75,626,000. Uber Technologies makes up approximately 5.1% of Theleme Partners LLP’s holdings, making the stock its 8th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in the business. Capital Research Global Investors raised its holdings in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Norges Bank purchased a new position in shares of Uber Technologies in the 4th quarter valued at $1,467,754,000. Jennison Associates LLC grew its position in shares of 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 valued at $1,596,086,000 after buying an additional 7,137,512 shares during the last quarter. Boston Partners purchased a new position in shares of Uber Technologies in the 4th quarter valued at $381,057,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in shares of Uber Technologies in the 4th quarter valued at $298,644,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, May 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. TD Cowen dropped their target price on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Truist Financial increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, Arete Research raised shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Eleven equities research 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.69.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 114,788 shares of company stock worth $9,028,690. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 1.8%

Shares of NYSE UBER opened at $91.80 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $92.90. The firm has a 50-day moving average price of $76.33 and a 200 day moving average price of $71.94. The stock has a market capitalization of $191.96 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.32) earnings per share. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.