XTX Topco Ltd's $2.66 Million Investment in Uber Technologies, Inc.

XTX Topco Ltd has made a significant investment in Uber Technologies, Inc. (NYSE:UBER) during the third quarter. According to a recent Form 13F filing with the Securities & Exchange Commission, the firm acquired 35,332 shares of Uber's stock valued at around $2.66 million.

Investor Activity in Uber Technologies

Many institutional investors have recently adjusted their positions in Uber Technologies. Edgewood Management LLC increased its stake by 10.5%, now holding 27,552,060 shares valued at $2.07 billion after purchasing an additional 2,627,768 shares in the last quarter. Moreover, Legal & General Group Plc raised its holdings by 1.6%, owning 15,238,477 shares worth approximately $1.11 billion after acquiring an extra 237,976 shares. Janus Henderson Group PLC also increased its position by 18.3%, holding 13,286,812 shares valued at nearly $999 million after acquiring an additional 2,056,273 shares.

Additionally, Charles Schwab Investment Management Inc. lifted its stake by 14.7%, now owning 12,498,209 shares worth about $939 million, while Clearbridge Investments LLC grew its holdings by 9.6%, owning 12,244,856 shares valued at around $890 million. Overall, institutional investors hold 80.24% of Uber's shares.

Analyst Ratings

Several Wall Street analysts have recently provided updates on Uber Technologies. Oppenheimer increased their price target from $90.00 to $95.00, maintaining an “outperform” rating. Gordon Haskett upgraded the stock from “hold” to “buy,” setting a target at $85.00. Cantor Fitzgerald reiterated an “overweight” rating with a $90.00 price target, and Jefferies Financial Group boosted their target from $100.00 to $105.00, labeling it a “buy” opportunity. Loop Capital also raised its price target from $84.00 to $86.00 with a “buy” rating. Overall, Uber holds a consensus rating of “Moderate Buy” with an average target price of $90.51 according to MarketBeat.

Insider Trading Activity

In related news, insider Jill Hazelbaker sold 40,000 shares on September 16th at an average price of $72.00, totaling approximately $2.88 million. Following this sale, she owns 127,352 shares valued at around $9.17 million, indicating a 23.90% decrease in her position. The transaction was recorded with the Securities & Exchange Commission, reflecting that 3.84% of the stock is owned by company insiders.

Current Stock Performance

As for stock performance, Uber Technologies saw an increase of 1.4% recently, with shares opening at $66.16. Their 50-day and 200-day moving averages stand at $74.66 and $71.38, respectively. Uber's stock has experienced a 52-week low of $54.84 and a high of $87.00. The company's market capitalization is approximately $139.31 billion, with a P/E ratio of 32.92 and a P/E/G ratio of 0.90.

Uber Technologies recently reported strong quarterly earnings on October 31st, revealing earnings per share of $1.20, significantly surpassing analyst expectations of $0.41. The company’s revenue reached $11.19 billion, above the expected $10.99 billion, showcasing a year-over-year growth of 20.4%.

Overview of Uber Technologies

Uber Technologies, Inc. operates proprietary technology applications across various regions, including North America, Latin America, Europe, the Middle East, Africa, and parts of Asia. Their operations are categorized into three main segments: Mobility, Delivery, and Freight. The Mobility segment offers consumers diverse transportation options, connecting them with ridesharing, carsharing, and other mobility choices, supplemented by financial partnership products and advertising services.

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