ExodusPoint Capital Management LP Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Posted by Defense World Staff on Jun 9th, 2023

ExodusPoint Capital Management LP raised its position in Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 704.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,380 shares of the ride-sharing company’s stock after purchasing an additional 79,146 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Uber Technologies were worth $2,235,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MADDEN SECURITIES Corp acquired a new stake in Uber Technologies during the 4th quarter valued at approximately $51,000. AXA S.A. acquired a new stake in Uber Technologies during the 3rd quarter valued at approximately $218,000. Orion Portfolio Solutions LLC acquired a new position in shares of Uber Technologies in the 3rd quarter worth approximately $277,000. Nomura Asset Management Co. Ltd. grew its position in shares of Uber Technologies by 3.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 377,087 shares of the ride-sharing company’s stock worth $9,993,000 after acquiring an additional 11,156 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Uber Technologies by 12.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 166,006 shares of the ride-sharing company’s stock worth $4,105,000 after acquiring an additional 17,926 shares in the last quarter. 71.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UBER has been the subject of a number of analyst reports. Piper Jaffray Companies boosted their price objective on Uber Technologies from $41.00 to $43.00 in a research report on Wednesday, May 3rd. TheStreet upgraded Uber Technologies from a “d” rating to a “c-” rating in a report on Tuesday, May 2nd. UBS Group lifted their target price on Uber Technologies from $38.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Barclays lowered their price target on Uber Technologies from $54.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, February 9th. Finally, Piper Sandler boosted their target price on Uber Technologies from $41.00 to $43.00 in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.03.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $40.26 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a fifty day moving average price of $35.29 and a 200 day moving average price of $31.86. Uber Technologies, Inc. has a 1 year low of $19.90 and a 1 year high of $40.79.

Uber Technologies (NYSE:UBER – Get Rating) last announced its earnings results on Tuesday, May 2nd. The ride-sharing company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. Uber Technologies had a negative net margin of 9.95% and a negative return on equity of 43.94%. The business had revenue of $8.82 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same quarter last year, the business earned ($0.18) earnings per share. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tony West sold 12,501 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $37.85, for a total value of $473,162.85. Following the transaction, the insider now directly owns 181,750 shares of the company’s stock, valued at approximately $6,879,237.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is owned by company insiders.

Uber Technologies Profile

(Get Rating)

Uber Technologies, Inc is a technology platform, which engages in the development and operation of technology applications, network, and product to power movement from point A to point B. The firm offers ride services and merchants delivery service providers for meal preparation, grocery and other delivery services.