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Uber Technologies, Inc. (NYSE:UBER) Position Lifted by Immersion Capital LLP

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Immersion Capital LLP increased its position in shares of Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 15.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 91,200 shares of the ride-sharing company's stock after buying an additional 12,200 shares during the quarter. Uber Technologies accounts for about 0.4% of Immersion Capital LLP's holdings, making the stock its 7th biggest position. Immersion Capital LLP's holdings in Uber Technologies were worth $3,254,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. PFS Investments Inc. grew its stake in Uber Technologies by 72.9% during the 1st quarter. PFS Investments Inc. now owns 51,436 shares of the ride-sharing company's stock worth $1,835,000 after buying an additional 21,683 shares during the last quarter. Siemens Fonds Invest GmbH lifted its position in Uber Technologies by 4.0% during the 1st quarter. Siemens Fonds Invest GmbH now owns 28,200 shares of the ride-sharing company's stock worth $1,006,000 after acquiring an additional 1,091 shares during the period. Stockbridge Partners LLC lifted its position in Uber Technologies by 19.7% during the 1st quarter. Stockbridge Partners LLC now owns 5,458,638 shares of the ride-sharing company's stock worth $194,764,000 after acquiring an additional 900,000 shares during the period. SVB Wealth LLC lifted its position in Uber Technologies by 85.6% during the 1st quarter. SVB Wealth LLC now owns 27,381 shares of the ride-sharing company's stock worth $977,000 after acquiring an additional 12,632 shares during the period. Finally, Northern Trust Corp lifted its position in Uber Technologies by 3.4% during the 1st quarter. Northern Trust Corp now owns 10,162,395 shares of the ride-sharing company's stock worth $362,594,000 after acquiring an additional 333,763 shares during the period. Hedge funds and other institutional investors own 71.57% of the company's stock.

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Analysts Set New Price Targets

UBER has been the subject of a number of recent research reports. Needham & Company LLC increased their price objective on Uber Technologies from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. decreased their price objective on Uber Technologies from $60.00 to $48.00 and set an "overweight" rating for the company in a research report on Wednesday, June 29th. Atlantic Securities increased their price objective on Uber Technologies to $40.00 in a research report on Monday, August 22nd. Barclays raised their price target on Uber Technologies from $53.00 to $54.00 and gave the company an "overweight" rating in a report on Wednesday, August 3rd. Finally, BTIG Research reduced their price target on Uber Technologies from $55.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, July 19th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.45.

Uber Technologies Stock Performance

Uber Technologies stock opened at $31.78 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a fifty day moving average of $27.00 and a two-hundred day moving average of $27.90. The company has a market capitalization of $62.92 billion, a price-to-earnings ratio of -6.10 and a beta of 1.21. Uber Technologies, Inc. has a fifty-two week low of $19.90 and a fifty-two week high of $48.88.

Uber Technologies (NYSE:UBER – Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The ride-sharing company reported ($1.33) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($1.08). The business had revenue of $8.08 billion during the quarter, compared to analysts' expectations of $7.37 billion. Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 69.83%. Uber Technologies's revenue for the quarter was up 105.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. On average, analysts anticipate that Uber Technologies, Inc. will post -4.66 EPS for the current fiscal year.

Insider Activity

In other news, insider Tony West sold 87,841 shares of Uber Technologies stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $31.26, for a total value of $2,745,909.66. Following the completion of the sale, the insider now owns 141,944 shares of the company's stock, valued at $4,437,169.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.06% of the company's stock.

Uber Technologies Profile

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

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Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Get Rating).

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