AlTi Global Inc. Has $36.78 Million Stock Position in Uber Technologies, Inc. $UBER

AlTi Global Inc. reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 504,756 shares of the ride-sharing company’s stock after selling 6,341 shares during the period. Uber Technologies makes up approximately 1.0% of AlTi Global Inc.’s holdings, making the stock its 18th biggest holding. AlTi Global Inc.’s holdings in Uber Technologies were worth $36,777,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UBER. Pacer Advisors Inc. raised its holdings in Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after buying an additional 6,254,898 shares during the period. Vanguard Group Inc. grew its stake in shares of Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares in the last quarter. Toyota Motor Corp bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $309,192,000. Boston Partners grew its stake in shares of Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock worth $658,686,000 after acquiring an additional 2,749,456 shares in the last quarter. Finally, Baillie Gifford & Co. bought a new position in shares of Uber Technologies during the 1st quarter worth approximately $167,532,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the completion of the sale, the insider owned 170,269 shares of the company’s stock, valued at approximately $16,175,555. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company’s stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,696 shares of company stock worth $4,632,774 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Trading Down 1.0%

UBER stock opened at $92.84 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company has a fifty day moving average price of $92.41 and a two-hundred day moving average price of $83.80. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The stock has a market cap of $193.61 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period in the previous year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UBER. Susquehanna raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Royal Bank Of Canada raised their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. DA Davidson raised their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Piper Sandler raised their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $102.82.

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.