ASR Vermogensbeheer N.V. Takes $15.65 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in Uber Technologies, purchasing 214,784 shares valued at about $15.65 million.
• Uber's stock recently rose by 1.3%, with a market cap of $187.31 billion and a P/E ratio of 15.69.
• Analysts have raised price targets for Uber shares, with projections ranging from $98 to $110, indicating a consensus rating of "Moderate Buy".

ASR Vermogensbeheer N.V. bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 214,784 shares of the ride-sharing company's stock, valued at approximately $15,650,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies in the first quarter worth $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at about $27,000. GPS Wealth Strategies Group LLC increased its stake in shares of Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares during the period. Finally, Perkins Coie Trust Co lifted its position in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 306 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UBER shares. Roth Capital increased their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. TD Cowen cut their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wedbush reissued a "neutral" rating and issued a $85.00 price objective on shares of Uber Technologies in a research report on Friday, August 1st. Loop Capital reissued a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, KeyCorp upped their target price on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Ten research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $100.71.

Uber Technologies Stock Up 0.0%

NYSE:UBER traded up $0.00 during trading hours on Wednesday, hitting $89.39. 40,090,980 shares of the company traded hands, compared to its average volume of 16,562,547. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $186.93 billion, a PE ratio of 15.66, a PEG ratio of 1.03 and a beta of 1.43. The firm's 50-day simple moving average is $89.17 and its 200-day simple moving average is $80.74. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The stock was 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 approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 value of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

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.