Two Creeks Capital Management LP Invests $68.46 Million in Uber Technologies, Inc. (NYSE:UBER)

Two Creeks Capital Management LP acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,134,980 shares of the ride-sharing company's stock, valued at approximately $68,462,000. Uber Technologies accounts for about 4.2% of Two Creeks Capital Management LP's investment portfolio, making the stock its 9th largest holding. Two Creeks Capital Management LP owned about 0.05% of Uber Technologies at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Polianta Ltd bought a new position in Uber Technologies during the fourth quarter valued at $1,206,000. Allworth Financial LP increased its stake in shares of Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after buying an additional 1,663 shares during the period. Lecap Asset Management Ltd. purchased a new position in Uber Technologies during the 4th quarter valued at about $3,188,000. Mirador Capital Partners LP lifted its holdings in Uber Technologies by 40.4% during the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock worth $5,140,000 after buying an additional 24,520 shares during the period. Finally, Tri Ri Asset Management Corp purchased a new position in Uber Technologies in the third quarter valued at about $8,243,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

Uber Technologies stock opened at $74.50 on Wednesday. The firm has a market capitalization of $155.84 billion, a P/E ratio of 16.34, a P/E/G ratio of 0.89 and a beta of 1.37. The stock has a fifty day moving average price of $73.81 and a two-hundred day moving average price of $71.45. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the subject of a number of research reports. Citizens Jmp cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Piper Sandler reissued an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. The Goldman Sachs Group restated a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, Citigroup lowered their price target on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.81.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 in the last three months. Corporate insiders own 3.84% of the company's stock.

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.

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