30,301 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased 30,301 shares of Uber Technologies in Q1, valued at approximately $2.2 million.
• Institutional investors own 80.24% of Uber's stock, with notable increases in holdings from firms like Capital Research Global Investors and Pacer Advisors.
• Wall Street analysts are optimistic, with multiple firms raising their target prices for Uber Technologies, reporting a consensus target price of $100.26 and a "Moderate Buy" rating.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,301 shares of the ride-sharing company's stock, valued at approximately $2,207,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors increased its holdings in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after purchasing an additional 6,254,898 shares during the last quarter. Toyota Motor Corp bought a new stake in shares of Uber Technologies during the fourth quarter worth about $309,192,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $298,644,000. Finally, Capital World Investors increased its stake in shares of Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after buying an additional 2,792,039 shares during the period. Institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UBER. Barclays lifted their target price on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. KeyCorp lifted their price objective on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. The Goldman Sachs Group upped their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada restated an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Finally, Sanford C. Bernstein boosted their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $100.26.

Uber Technologies Stock Up 0.5%

UBER opened at $91.31 on Friday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.71. The company has a market cap of $190.94 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $89.29 and a 200 day moving average of $79.51.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the company earned ($0.32) EPS. The firm's revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is owned by company insiders.

Uber Technologies Company Profile

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.

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