AQR Capital Management LLC Sells 147,205 Shares of Uber Technologies, Inc. (NYSE:UBER)

AQR Capital Management LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,084,632 shares of the ride-sharing company’s stock after selling 147,205 shares during the period. AQR Capital Management LLC’s holdings in Uber Technologies were worth $78,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Wealthspire Advisors LLC increased its position in shares of Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after purchasing an additional 151 shares during the period. Hilltop Holdings Inc. increased its holdings in Uber Technologies by 2.9% in the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after buying an additional 157 shares during the period. Sivia Capital Partners LLC raised its position in shares of Uber Technologies by 3.3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after buying an additional 157 shares in the last quarter. Wellington Shields Capital Management LLC lifted its holdings in shares of Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after acquiring an additional 159 shares during the period. Finally, Industrial Alliance Investment Management Inc. boosted its position in shares of Uber Technologies by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 160 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Down 0.6 %

NYSE UBER opened at $76.69 on Friday. The stock has a market capitalization of $161.11 billion, a P/E ratio of 123.69, a P/E/G ratio of 1.38 and a beta of 1.33. The business has a 50 day simple moving average of $69.88 and a 200 day simple moving average of $70.66. 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 one year low of $40.09 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter last year, the firm posted $0.18 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts expect that Uber Technologies, Inc. will post 1.06 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the 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 owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jill Hazelbaker sold 40,000 shares of the company’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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Evercore ISI upped their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Wolfe Research started coverage on Uber Technologies in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price on the stock. Piper Sandler increased their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Finally, Melius Research started coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target on the stock. Four analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $87.67.

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.