Segantii Capital Management Ltd Buys 5,800 Shares of Uber Technologies, Inc. (NYSE:UBER)

Segantii Capital Management Ltd increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 63,500 shares of the ride-sharing company’s stock after acquiring an additional 5,800 shares during the quarter. Segantii Capital Management Ltd’s holdings in Uber Technologies were worth $3,910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Massachusetts Financial Services Co. MA bought a new stake in Uber Technologies during the third quarter worth $272,625,000. Charles Schwab Investment Management Inc. grew its position in shares of Uber Technologies by 75.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,256,352 shares of the ride-sharing company’s stock valued at $631,484,000 after purchasing an additional 4,402,382 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new position in shares of Uber Technologies in the third quarter valued at $187,111,000. Winslow Capital Management LLC grew its position in shares of Uber Technologies by 33.6% in the third quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock valued at $416,800,000 after purchasing an additional 2,278,252 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Uber Technologies by 1.7% during the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after buying an additional 2,067,098 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $1.53 during mid-day trading on Thursday, hitting $67.93. 25,792,566 shares of the stock traded hands, compared to its average volume of 20,610,590. The company has a market cap of $141.39 billion, a PE ratio of 78.98, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $37.07 and a twelve month high of $82.14. The firm has a 50 day simple moving average of $74.80 and a two-hundred day simple moving average of $65.83. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter in the previous year, the company posted ($0.08) EPS. Uber Technologies’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on UBER. DA Davidson reissued a “buy” rating and set a $81.00 price target on shares of Uber Technologies in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price target on shares of Uber Technologies in a report on Thursday, March 28th. Bank of America cut their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.44.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

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.