OLD National Bancorp IN Buys 1,541 Shares of Uber Technologies, Inc. $UBER

OLD National Bancorp IN boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 9.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,769 shares of the ride-sharing company’s stock after purchasing an additional 1,541 shares during the quarter. OLD National Bancorp IN’s holdings in Uber Technologies were worth $1,658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Pershing Square Capital Management L.P. bought a new position in Uber Technologies during the 1st quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC raised its holdings in Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after purchasing an additional 19,967,705 shares during the period. Pacer Advisors Inc. boosted its position in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Uber Technologies by 43.8% in the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock valued at $658,686,000 after buying an additional 2,749,456 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 601,821 shares of company stock worth $58,659,491. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $100.02 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The stock has a market capitalization of $208.58 billion, a P/E ratio of 17.04 and a beta of 1.48. The company has a 50 day moving average of $94.12 and a 200-day moving average of $87.40.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. BMO Capital Markets raised their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

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.