15,000 Shares in Uber Technologies, Inc. $UBER Purchased by Anson Funds Management LP

Key Points

• Anson Funds Management LP has acquired 15,000 shares of Uber Technologies, Inc., valued at approximately $1.09 million, in its recent SEC filing.
• Uber Technologies reported a quarterly EPS of $0.63, exceeding analysts' expectations, with revenue of $12.65 billion reflecting an 18.2% year-over-year increase.
• Insider sales were noted, including SVP Nikki Krishnamurthy, who sold 11,571 shares, and CFO Prashanth Mahendra-Rajah, who sold 2,750 shares, indicating a decrease in their respective positions.

Anson Funds Management LP purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,000 shares of the ride-sharing company's stock, valued at approximately $1,093,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Navalign LLC boosted its position in shares of Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after buying an additional 126 shares during the last quarter. Grove Bank & Trust raised its position in Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after buying an additional 133 shares during the last quarter. Forum Financial Management LP lifted its stake in Uber Technologies by 1.3% during the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock valued at $798,000 after acquiring an additional 136 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after acquiring an additional 138 shares during the last quarter. Finally, Amplius Wealth Advisors LLC boosted its holdings in Uber Technologies by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after acquiring an additional 145 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Up 2.6%

Uber Technologies stock opened at $96.7020 on Friday. The firm has a 50 day moving average price of $91.08 and a 200-day moving average price of $82.93. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71. The company has a market capitalization of $201.66 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.11 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. Uber Technologies's revenue was up 18.2% on a year-over-year basis. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several analyst reports. Wedbush lowered their target price on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Piper Sandler increased their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Citigroup lifted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Bank of America upped their target price on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $102.82.

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

About Uber Technologies

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.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.