Institutional Investors May Overlook Uber Technologies, Inc.'s (NYSE:UBER) Recent US$8.3b Market Cap Drop as Long-term Gains Remain Positive
Institutional Investors May Overlook Uber Technologies, Inc.'s (NYSE:UBER) Recent US$8.3b Market Cap Drop as Long-term Gains Remain Positive
Key Insights
主要見解
- Significantly high institutional ownership implies Uber Technologies' stock price is sensitive to their trading actions
- A total of 19 investors have a majority stake in the company with 51% ownership
- Insiders have been selling lately
- 機構投資者佔有顯著比例,這意味着優步科技的股價對其交易行爲非常敏感。
- 總共有19個投資者持有該公司大多數股份,佔有51%的股權。
- 內部人員最近一直在賣出。
To get a sense of who is truly in control of Uber Technologies, Inc. (NYSE:UBER), it is important to understand the ownership structure of the business. With 82% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
爲了了解誰真正掌控着優步科技股票(紐交所代碼:UBER),了解該業務的所有權結構真是至關重要。機構擁有最多的股份,佔82%。也就是說,如果股票上漲,該集團將從中獲益最多(或者如果有下降,將損失最大)。
Institutional investors endured the highest losses after the company's market cap fell by US$8.3b last week. Still, the 29% one-year gains may have helped mitigate their overall losses. But they would probably be wary of future losses.
公司市值上週下跌83億美元后,機構投資者遭受了最大的損失。但是,一年內29%的收益可能有助於緩解他們的總體損失。但他們可能會對未來的損失保持警惕。
In the chart below, we zoom in on the different ownership groups of Uber Technologies.
在下圖中,我們放大了優步科技的不同所有權群體。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240730/0-39582e430b87b502231e61eae544ec4a-0-974ed090c66ec46f666b4a43b629e34d.png/big)
What Does The Institutional Ownership Tell Us About Uber Technologies?
機構投資者所持股權對於優步科技有何啓示?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
機構通常在向自己的投資者報告時會針對一個基準進行衡量,因此一旦某隻股票被納入主要指數,他們通常會更加熱衷於該股票。我們預計大多數公司都會有一些機構在登記簿上,尤其是那些正在增長的公司。
Uber Technologies already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Uber Technologies, (below). Of course, keep in mind that there are other factors to consider, too.
優步科技已經有機構投資者在股份登記簿上,他們擁有一定的股份。這可能表明該公司在投資社區擁有一定的信譽度。但是,最好不要過於依賴機構投資者所謂的認可,因爲他們也有時會犯錯。如果兩個大型機構投資者同時嘗試出售股票,往往會導致股價大幅下跌。因此,值得檢查優步科技的過去收益軌跡(見下文)。當然,也要記住還有其他因素需要考慮。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240730/0-39582e430b87b502231e61eae544ec4a-1-b020ab686ced2ae51710713dfcb7eb45.png/big)
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Uber Technologies. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 8.2%. For context, the second largest shareholder holds about 6.7% of the shares outstanding, followed by an ownership of 5.6% by the third-largest shareholder.
投資者應注意到,機構實際擁有超過一半的公司股份,因此他們可以共同行使重大權力。對於優步科技來說,對沖基金持股不多。該公司最大的股東是The Vanguard Group,Inc.,擁有8.2%的股份。爲了提供上下文,第二大股東持有約6.7%的流通股份,第三大股東持有5.6%的流通股份。
Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 19 shareholders, meaning that no single shareholder has a majority interest in the ownership.
觀察股東登記表,我們可以看到51%的所有權由前19位股東控制,這意味着沒有單一的股東掌握了多數股權所有權。
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
雖然研究一個公司的機構持股數據是有意義的,但研究分析師預期增長也是有意義的,因爲很多分析師都有關注這些股票,因此可以很容易地了解預期增長。
Insider Ownership Of Uber Technologies
優步科技的內部股東持股情況
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
公司內部人員的定義可能是主觀的,並且在不同的司法管轄區之間有所不同。我們的數據反映了個人內部人員,至少捕捉到董事會成員的記錄。公司管理人員向董事會報告,後者應該代表股東的利益。值得注意的是,有時高級管理人員自己也在董事會中。
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
大多數人認爲內部所有權是積極的,因爲它可以表示董事會與其他股東的利益相一致。但是,在某些場合下,這個團體的權力過於集中。
Our data suggests that insiders own under 1% of Uber Technologies, Inc. in their own names. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own US$201m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
我們的數據表明,內部人員以自己的名義僅擁有Uber Technologies, Inc.不到1%的股份。由於它是一家大型公司,我們只期望內部人員持有少量股份。但值得注意的是,他們持有價值20100萬美元的股票。看到董事會成員持有股票是好事,但最好檢查這些內部人員是否一直在購買。
General Public Ownership
一般大衆所有權
The general public-- including retail investors -- own 18% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
一般公衆,包括散戶投資者,在該公司中擁有18%的股份,因此不能被輕易忽視。儘管擁有的股份相當可觀,但如果政策決策不符合其他大股東的利益,它可能無法改變公司的政策。
Next Steps:
下一步:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Uber Technologies , and understanding them should be part of your investment process.
我發現查看公司的實際所有者非常有趣。但是,需考慮其他信息才能真正獲得見解。例如,投資風險的影響。我們已經確定了Uber Technologies的3個警示信號,並且了解它們應該是您投資過程的一部分。
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
最終,未來最重要。您可以在這份關於該公司分析師預測的免費報告中獲取有關信息。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。