Generali Asset Management SPA SGR Has $9.36 Million Stock Position in Uber Technologies, Inc. $UBER

Generali Asset Management SPA SGR reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 29.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 100,369 shares of the ride-sharing company’s stock after selling 42,092 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Uber Technologies were worth $9,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies in the first quarter valued at about $2,207,743,000. Kingstone Capital Partners Texas LLC grew its holdings in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. increased its position in Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after buying an additional 6,254,898 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after buying an additional 5,759,353 shares during the last quarter. Finally, Boston Partners boosted its position in shares of Uber Technologies by 43.8% in the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock valued at $658,686,000 after acquiring an additional 2,749,456 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 601,821 shares of company stock valued at $58,659,491. Insiders own 3.70% of the company’s stock.

Uber Technologies Stock Up 0.1%

NYSE UBER opened at $94.21 on Wednesday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The company has a market capitalization of $196.47 billion, a price-to-earnings ratio of 16.05 and a beta of 1.48. The stock’s 50 day moving average is $95.07 and its two-hundred day moving average is $88.19. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) 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 analysts’ expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. BMO Capital Markets raised their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Bank of America boosted their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Morgan Stanley restated an “overweight” rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.06.

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.