Triglav Investments D.O.O. Purchases 19,400 Shares of Uber Technologies, Inc. $UBER

Triglav Investments D.O.O. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,350 shares of the ride-sharing company’s stock after acquiring an additional 19,400 shares during the period. Uber Technologies comprises about 0.9% of Triglav Investments D.O.O.’s investment portfolio, making the stock its 22nd biggest position. Triglav Investments D.O.O.’s holdings in Uber Technologies were worth $12,721,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Accuvest Global Advisors raised its stake in Uber Technologies by 123.0% during the second quarter. Accuvest Global Advisors now owns 35,792 shares of the ride-sharing company’s stock worth $3,339,000 after acquiring an additional 19,743 shares in the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of Uber Technologies by 8.5% in the second quarter. Sumitomo Life Insurance Co. now owns 133,160 shares of the ride-sharing company’s stock valued at $12,424,000 after buying an additional 10,393 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 291.9% in the second quarter. GHP Investment Advisors Inc. now owns 1,403 shares of the ride-sharing company’s stock valued at $131,000 after buying an additional 1,045 shares during the last quarter. Regal Partners Ltd lifted its position in Uber Technologies by 55.8% during the 2nd quarter. Regal Partners Ltd now owns 265,910 shares of the ride-sharing company’s stock worth $24,809,000 after buying an additional 95,204 shares in the last quarter. Finally, Plato Investment Management Ltd grew its holdings in Uber Technologies by 43.0% during the 2nd quarter. Plato Investment Management Ltd now owns 52,136 shares of the ride-sharing company’s stock worth $4,846,000 after acquiring an additional 15,666 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UBER shares. Morgan Stanley restated an “overweight” rating and issued a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Wells Fargo & Company lowered their price target on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Barclays restated an “overweight” rating and issued a $110.00 price target (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Wedbush dropped their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Finally, Stifel Nicolaus increased their target price on Uber Technologies from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $106.82.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer directly 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 604,946 shares of company stock valued at $58,950,116. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Up 0.2%

NYSE:UBER opened at $96.71 on Friday. The firm has a market capitalization of $201.68 billion, a price-to-earnings ratio of 16.48 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $95.56 and its two-hundred day moving average price is $90.50. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99.

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 the consensus estimate 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 net margin of 26.68% and a return on equity of 59.96%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.