Maverick Capital Ltd. Has $102.07 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Maverick Capital Ltd. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 28.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,404,425 shares of the ride-sharing company’s stock after buying an additional 307,291 shares during the period. Uber Technologies comprises about 1.9% of Maverick Capital Ltd.’s portfolio, making the stock its 16th biggest holding. Maverick Capital Ltd.’s holdings in Uber Technologies were worth $102,074,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UBER. Vanguard Group Inc. grew its stake in Uber Technologies by 2.2% in 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 last quarter. Capital World Investors boosted its holdings in Uber Technologies by 0.7% during the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after acquiring an additional 283,802 shares during the period. Capital Research Global Investors grew its position in shares of Uber Technologies by 8.2% in the first 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 purchasing an additional 3,019,431 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Uber Technologies by 37.8% in the first 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 purchasing an additional 9,996,508 shares during the last quarter. Finally, GQG Partners LLC increased its stake in shares of Uber Technologies by 74.1% in the first 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 during the period. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UBER shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. 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. Raymond James initiated coverage on shares of Uber Technologies in a research note on Tuesday. They set a “strong-buy” rating and a $90.00 target price for the company. Roth Mkm raised their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Citigroup upped their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.67.

Insider Activity

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related 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 transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $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 that occurred 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 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 company insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $76.69 on Friday. 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 1-year low of $40.09 and a 1-year high of $82.14. 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 moving average price of $69.88 and a two-hundred day moving average price of $70.66.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion for 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%. During the same period last year, the company earned $0.18 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. Equities analysts predict that Uber Technologies, Inc. will post 1.06 earnings per share for the current year.

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.