4,303 Shares in Uber Technologies, Inc. $UBER Purchased by AFG Fiduciary Services Limited Partnership

Key Points

• AFG Fiduciary Services Limited Partnership has acquired 4,303 shares of Uber Technologies, Inc., valued at approximately $396,000, indicating growing institutional interest in the company.
• Uber's recent quarterly earnings surpassed expectations with a reported $0.63 EPS and a revenue of $12.65 billion, reflecting an 18.2% year-over-year growth.
• Analysts have raised price targets for Uber, with a consensus rating of "Moderate Buy" and an average price target of $103.06, suggesting optimism about the company's future performance.

AFG Fiduciary Services Limited Partnership acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,303 shares of the ride-sharing company's stock, valued at approximately $396,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter worth $27,000. Kozak & Associates Inc. raised its holdings in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Vision Financial Markets LLC acquired a new position in Uber Technologies during the first quarter worth $27,000. GPS Wealth Strategies Group LLC raised its holdings in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co raised its holdings in shares of Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 306 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 4.2%

Shares of UBER traded up $3.98 during midday trading on Friday, reaching $98.68. 38,703,086 shares of the company were exchanged, compared to its average volume of 16,364,744. The stock has a 50-day moving average price of $92.63 and a 200-day moving average price of $85.38. The company has a market cap of $205.79 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.13 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $99.70. 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 issued its quarterly earnings data 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. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business's 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 transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 354,571 shares of company stock valued at $33,810,741 over the last 90 days. Corporate insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wedbush cut their price target on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. BMO Capital Markets boosted their price target on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Barclays reissued an "overweight" rating and issued a $110.00 price target (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Royal Bank Of Canada boosted their price target on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $106.00 price target (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $103.06.

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.