Los Angeles Capital Management LLC Has $14.69 Million Stock Holdings in Uber Technologies, Inc. $UBER

Los Angeles Capital Management LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 52.9% in the second quarter, Holdings Channel reports. The institutional investor owned 157,393 shares of the ride-sharing company’s stock after selling 176,774 shares during the period. Los Angeles Capital Management LLC’s holdings in Uber Technologies were worth $14,685,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 604,946 shares of company stock valued at $58,950,116 in the last quarter. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. Cowen restated a “buy” rating on shares of Uber Technologies in a research note on Wednesday. Mizuho initiated coverage on shares of Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price for the company. Morgan Stanley reissued an “overweight” rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Stifel Nicolaus set a $122.00 price objective on shares of Uber Technologies in a research report on Tuesday. Finally, Cantor Fitzgerald increased their price objective on shares of Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Stock Performance

NYSE UBER opened at $92.03 on Friday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a 50-day simple moving average of $95.46 and a 200 day simple moving average of $91.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.11 and a current ratio of 1.15. The company has a market capitalization of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last released its earnings results 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 analysts’ expectations of $13.25 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current 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.