Malaga Cove Capital LLC Grows Stock Holdings in Uber Technologies, Inc. $UBER

Malaga Cove Capital LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 18.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,090 shares of the ride-sharing company’s stock after acquiring an additional 631 shares during the period. Malaga Cove Capital LLC’s holdings in Uber Technologies were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in UBER. Vision Financial Markets LLC acquired a new position in Uber Technologies in the first quarter valued at $27,000. West Oak Capital LLC purchased a new stake in Uber Technologies in the 2nd quarter valued at about $28,000. Truvestments Capital LLC increased its stake in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies during the 2nd quarter worth about $30,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Uber Technologies in the first quarter worth approximately $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.1%

NYSE:UBER opened at $92.03 on Friday. The business’s 50-day moving average is $95.46 and its two-hundred day moving average is $91.09. The firm has a market capitalization of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate 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 was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UBER. TD Cowen upped their price target on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday. Sanford C. Bernstein boosted their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research report on Tuesday. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Two research 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Insider Buying and Selling

In other news, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the transaction, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $93.00, for a total transaction of $290,625.00. Following the sale, the insider directly owned 172,846 shares of the company’s stock, valued at approximately $16,074,678. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 604,946 shares of company stock valued at $58,950,116 over the last three months. Company insiders own 3.84% of the company’s stock.

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.