Thames Capital Management LLC Has $14.70 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Thames Capital Management LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 202,270 shares of the ride-sharing company’s stock after selling 3,606 shares during the quarter. Uber Technologies comprises approximately 5.8% of Thames Capital Management LLC’s holdings, making the stock its 6th largest position. Thames Capital Management LLC’s holdings in Uber Technologies were worth $14,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of UBER. Vanguard Group Inc. boosted its position in Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after buying an additional 43,275,830 shares in the last quarter. Edgewood Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $783,401,000. Price T Rowe Associates Inc. MD grew its position in 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 worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the last quarter. GQG Partners LLC increased its holdings in Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares in the last quarter. Finally, Capital Research Global Investors raised its position in Uber Technologies by 28.4% in the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after purchasing an additional 8,164,816 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 7th. Evercore ISI raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Wolfe Research started coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. Melius assumed coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Morgan Stanley lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.60.

Uber Technologies Trading Down 1.8 %

NYSE UBER opened at $73.94 on Friday. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The business has a 50 day moving average price of $69.60 and a 200-day moving average price of $70.77. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a market cap of $154.50 billion, a price-to-earnings ratio of 119.26, a P/E/G ratio of 1.27 and a beta of 1.33.

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

Insider Activity at Uber Technologies

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

Uber Technologies 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.