Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Soros Capital Management LLC

Soros Capital Management LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1,446.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,373 shares of the ride-sharing company’s stock after acquiring an additional 131,295 shares during the quarter. Uber Technologies accounts for approximately 2.5% of Soros Capital Management LLC’s portfolio, making the stock its 15th largest holding. Soros Capital Management LLC’s holdings in Uber Technologies were worth $10,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UBER. Edgewood Management LLC grew its position in Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after buying an additional 2,627,768 shares during the period. Legal & General Group Plc grew its position in Uber Technologies by 1.6% during the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock worth $1,107,529,000 after buying an additional 237,976 shares during the period. Charles Schwab Investment Management Inc. grew its position in Uber Technologies by 14.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock worth $939,365,000 after buying an additional 1,601,747 shares during the period. Clearbridge Investments LLC grew its position in Uber Technologies by 9.6% during the second quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company’s stock worth $889,956,000 after buying an additional 1,076,876 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after buying an additional 3,179,308 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Down 2.5 %

NYSE UBER opened at $71.56 on Wednesday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $150.68 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34. The company’s fifty day moving average price is $75.49 and its two-hundred day moving average price is $71.20.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the prior year, the firm posted $0.10 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. As a group, research analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UBER. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Bank of America upped their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Raymond James assumed coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target on the stock. Finally, DA Davidson upped their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.51.

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.