Sava Infond d.o.o. Grows Stake in Uber Technologies, Inc. $UBER

Sava Infond d.o.o. grew its position in Uber Technologies, Inc. (NYSE:UBER) by 21.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,290 shares of the ride-sharing company’s stock after purchasing an additional 7,430 shares during the quarter. Sava Infond d.o.o.’s holdings in Uber Technologies were worth $3,852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LGT Fund Management Co Ltd. lifted its stake in shares of Uber Technologies by 33.9% during the second quarter. LGT Fund Management Co Ltd. now owns 111,087 shares of the ride-sharing company’s stock worth $10,364,000 after buying an additional 28,118 shares during the period. Quent Capital LLC lifted its stake in shares of Uber Technologies by 16.0% during the second quarter. Quent Capital LLC now owns 3,393 shares of the ride-sharing company’s stock worth $317,000 after buying an additional 467 shares during the period. NTV Asset Management LLC lifted its stake in shares of Uber Technologies by 10.2% during the second quarter. NTV Asset Management LLC now owns 20,919 shares of the ride-sharing company’s stock worth $1,952,000 after buying an additional 1,932 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Uber Technologies by 10.0% during the second quarter. QRG Capital Management Inc. now owns 319,565 shares of the ride-sharing company’s stock worth $29,815,000 after buying an additional 28,992 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its stake in shares of Uber Technologies by 6.8% during the second quarter. ZWJ Investment Counsel Inc. now owns 343,662 shares of the ride-sharing company’s stock worth $32,064,000 after buying an additional 22,019 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 604,571 shares of company stock valued at $58,920,741. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

NYSE:UBER opened at $96.53 on Friday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48. The firm’s fifty day moving average is $93.93 and its two-hundred day moving average is $87.04.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. Morgan Stanley reiterated an “overweight” rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Sanford C. Bernstein lifted their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Bank of America lifted their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Raymond James Financial lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

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.