Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 70.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 425,000 shares of the ride-sharing company’s stock after purchasing an additional 175,000 shares during the quarter. Davidson Kempner Capital Management LP’s holdings in Uber Technologies were worth $30,889,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Interval Partners LP purchased a new stake in shares of Uber Technologies in the second quarter valued at about $43,512,000. Marietta Investment Partners LLC boosted its holdings in Uber Technologies by 7.4% in the 2nd quarter. Marietta Investment Partners LLC now owns 42,813 shares of the ride-sharing company’s stock valued at $3,112,000 after purchasing an additional 2,960 shares in the last quarter. Xponance Inc. raised its stake in shares of Uber Technologies by 1.9% during the 2nd quarter. Xponance Inc. now owns 459,163 shares of the ride-sharing company’s stock worth $33,372,000 after buying an additional 8,520 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Uber Technologies in the 2nd quarter valued at approximately $4,415,000. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in shares of Uber Technologies in the second quarter valued at approximately $356,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE UBER opened at $73.94 on Monday. The business’s 50-day moving average price is $69.60 and its 200 day moving average price is $70.66. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The company has a market capitalization of $154.50 billion, a PE ratio of 119.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. The firm 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 revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. On average, research analysts predict that Uber Technologies, Inc. will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UBER shares. Piper Sandler boosted their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. JMP Securities increased their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. Bank of America restated a “buy” rating and issued a $88.00 price target on shares of Uber Technologies in a report on Friday, August 23rd. Morgan Stanley boosted their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Melius initiated coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target for the company. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $87.60.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

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.