Integrated Quantitative Investments LLC Takes Position in Uber Technologies, Inc. $UBER

Integrated Quantitative Investments LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,892 shares of the ride-sharing company’s stock, valued at approximately $1,203,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pershing Square Capital Management L.P. bought a new position in shares of Uber Technologies in the 1st quarter worth about $2,207,743,000. Kingstone Capital Partners Texas LLC grew its stake in Uber Technologies by 334,075.7% during 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. increased its holdings in Uber Technologies by 2,571.2% in 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. lifted its stake in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after buying an additional 5,759,353 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Uber Technologies by 105.9% during the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after buying an additional 2,807,967 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This represents a 13.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 598,875 shares of company stock worth $58,407,848. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UBER shares. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Cowen restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research note on Tuesday. Finally, Raymond James Financial boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $91.56 on Friday. The stock has a market cap of $190.24 billion, a price-to-earnings ratio of 11.77 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm’s 50-day simple moving average is $95.50 and its 200 day simple moving average is $91.74.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.