Quantinno Capital Management LP Has $60.06 Million Position in Uber Technologies, Inc. $UBER

Quantinno Capital Management LP lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 26.8% during the second quarter, HoldingsChannel reports. The firm owned 643,705 shares of the ride-sharing company’s stock after purchasing an additional 136,121 shares during the period. Quantinno Capital Management LP’s holdings in Uber Technologies were worth $60,058,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in UBER. Kilter Group LLC acquired a new position in shares of Uber Technologies during the second quarter worth approximately $26,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the second quarter worth $28,000. Truvestments Capital LLC increased its position in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the period. Trust Co. of Toledo NA OH acquired a new position in Uber Technologies during the 2nd quarter valued at $30,000. Finally, Ransom Advisory Ltd bought a new stake in Uber Technologies in the 1st quarter valued at $31,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $85.47 on Friday. The stock’s fifty day simple moving average is $92.01 and its 200 day simple moving average is $91.78. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The firm has a market cap of $177.59 billion, a price-to-earnings ratio of 10.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same period last year, the business earned $1.20 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday. Cantor Fitzgerald raised their price objective on Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. DA Davidson lifted their price objective on Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Citigroup restated a “market perform” rating on shares of Uber Technologies in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer owned 982,544 shares in the company, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 267,625 shares of company stock valued at $26,774,660 in the last ninety days. Insiders own 3.84% of the company’s stock.

About Uber Technologies

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.