69,886 Shares in Uber Technologies, Inc. $UBER Acquired by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 69,886 shares of Uber Technologies, valued at approximately $5,092,000, marking a new investment in the ride-sharing company during the first quarter.
• Institutional investors continue to increase their stakes in Uber, with Boston Partners raising its stake by 43.8%, bringing ownership among institutional investors to 80.24% of the company's stock.
• Uber's latest earnings report revealed a net income of $0.63 per share, surpassing expectations, with revenues of $12.65 billion—an 18.2% year-over-year increase.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 69,886 shares of the ride-sharing company's stock, valued at approximately $5,092,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares during the period. Pershing Square Capital Management L.P. acquired a new position in Uber Technologies during the 1st quarter worth approximately $2,207,743,000. Northern Trust Corp raised its stake in Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company's stock worth $1,401,873,000 after buying an additional 720,122 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock worth $995,801,000 after buying an additional 394,157 shares during the period. Finally, Boston Partners raised its stake in Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after buying an additional 2,749,456 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the completion of the transaction, the insider directly owned 170,269 shares of the company's stock, valued at approximately $16,175,555. This represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,696 shares of company stock valued at $4,632,774 in the last three months. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UBER has been the subject of a number of recent research reports. UBS Group boosted their price objective on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. KeyCorp boosted their price objective on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Needham & Company LLC boosted their price objective on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Sanford C. Bernstein boosted their price objective on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Royal Bank Of Canada boosted their price objective on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Uber Technologies Stock Performance

Shares of UBER opened at $94.72 on Friday. The stock has a 50 day moving average of $92.57 and a 200 day moving average of $84.43. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a market capitalization of $197.53 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.08 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the company earned $0.47 earnings per share. Uber Technologies's revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies 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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