Samlyn Capital LLC Acquires New Shares in Uber Technologies, Inc. (NYSE:UBER)

Samlyn Capital LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,857,275 shares of the ride-sharing company’s stock, valued at approximately $134,987,000. Uber Technologies comprises approximately 2.2% of Samlyn Capital LLC’s holdings, making the stock its 17th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Vanguard Group Inc. lifted its holdings in shares of Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after buying an additional 3,623,951 shares during the period. Capital World Investors lifted its holdings in shares of Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after buying an additional 283,802 shares during the period. Capital Research Global Investors lifted its holdings in shares of Uber Technologies by 8.2% during the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after buying an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after buying an additional 9,996,508 shares during the period. Finally, GQG Partners LLC lifted its holdings in shares of Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after buying an additional 9,541,366 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of UBER opened at $74.69 on Tuesday. The firm has a market capitalization of $156.07 billion, a PE ratio of 120.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The company’s fifty day moving average price is $69.65 and its 200-day moving average price is $70.63.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the company earned $0.18 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts predict that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on UBER shares. TD Cowen upped their price objective on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. BMO Capital Markets restated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 30th. Wells Fargo & Company reiterated an “overweight” rating and issued a $97.00 price target on shares of Uber Technologies in a research note on Friday, September 13th. JMP Securities increased their price target on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 7th. Finally, Roth Mkm increased their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.60.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

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.