Lombard Odier Asset Management USA Corp Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Lombard Odier Asset Management USA Corp bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, HoldingsChannel reports. The fund bought 4,901 shares of the ride-sharing company’s stock, valued at approximately $356,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares during the last quarter. WR Wealth Planners LLC boosted its stake in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares during the period. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies during the first quarter valued at approximately $32,000. Finally, MCF Advisors LLC raised its position in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UBER. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Tuesday, July 30th. Melius initiated coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, Evercore ISI boosted their target price 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. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.60.

Uber Technologies Stock Performance

UBER opened at $73.94 on Monday. 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 firm has a market cap of $154.50 billion, a PE ratio of 119.26, a P/E/G ratio of 1.27 and a beta of 1.33. The business has a fifty day simple moving average of $69.60 and a 200-day simple moving average of $70.66. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results 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. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.06 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 owns 127,352 shares in the company, valued at approximately $9,169,344. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction 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 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 this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The stock was 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 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 currently 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.