RD Finance Ltd Grows Stock Position in Uber Technologies, Inc. $UBER

RD Finance Ltd raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 77.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 52,300 shares of the ride-sharing company’s stock after acquiring an additional 22,801 shares during the period. Uber Technologies comprises about 6.4% of RD Finance Ltd’s investment portfolio, making the stock its 3rd largest position. RD Finance Ltd’s holdings in Uber Technologies were worth $4,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies in the first quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC boosted 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 valued at $1,863,545,000 after acquiring an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after purchasing an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Uber Technologies by 105.9% in the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock valued at $506,618,000 after purchasing an additional 2,807,967 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $92.75 on Thursday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The business’s fifty day moving average is $95.57 and its 200 day moving average is $90.94. The company has a quick ratio of 1.11, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a market cap of $193.42 billion, a P/E ratio of 11.92 and a beta of 1.46.

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

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 604,946 shares of company stock worth $58,950,116 in the last 90 days. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on UBER shares. UBS Group set a $122.00 price target on shares of Uber Technologies and gave the company a “buy” rating in a research report on Wednesday. Wedbush cut their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. BMO Capital Markets cut their target price on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a research report on Wednesday. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Finally, Piper Sandler set a $107.00 price target on Uber Technologies in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $108.26.

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.