Generate Investment Management Ltd Has $20.14 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Generate Investment Management Ltd lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 170.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,891 shares of the ride-sharing company's stock after purchasing an additional 168,959 shares during the period. Uber Technologies comprises 1.3% of Generate Investment Management Ltd's portfolio, making the stock its 27th largest position. Generate Investment Management Ltd's holdings in Uber Technologies were worth $20,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. Price T Rowe Associates Inc. MD raised its position in shares of Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company's stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares in the last quarter. GQG Partners LLC increased its stake in shares of Uber Technologies by 74.1% in the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company's stock worth $1,726,381,000 after buying an additional 9,541,366 shares during the last quarter. Allen Investment Management LLC raised its holdings in Uber Technologies by 2,956.5% in the first quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company's stock valued at $410,995,000 after acquiring an additional 5,163,635 shares in the last quarter. Vanguard Group Inc. boosted its stake in Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company's stock valued at $13,184,793,000 after acquiring an additional 3,623,951 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock worth $864,390,000 after acquiring an additional 3,179,308 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UBER shares. BMO Capital Markets restated an "outperform" rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Daiwa America cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Melius Research assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a "hold" rating and a $77.00 target price for the company. Daiwa Capital Markets downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price target for the company. in a report on Thursday. Finally, Raymond James assumed coverage on Uber Technologies in a research note on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $88.51.

Uber Technologies Price Performance

NYSE UBER traded down $0.74 on Friday, reaching $79.16. The company's stock had a trading volume of 14,186,721 shares, compared to its average volume of 18,045,445. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $87.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The firm's 50 day moving average is $74.30 and its two-hundred day moving average is $70.67. The stock has a market cap of $165.41 billion, a PE ratio of 127.68, a PEG ratio of 1.47 and a beta of 1.33.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 earnings per share. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.84% of the company's stock.

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.