Axiom Investors LLC DE Has $88.76 Million Holdings in Uber Technologies, Inc. $UBER

Key Points

• Axiom Investors LLC DE reduced its stake in Uber Technologies, Inc. by 32.0%, now holding approximately 1.2 million shares valued at $88.76 million.
• Brokerages have recently increased their price targets for Uber, with estimates ranging from $105 to $115, reflecting a positive outlook on the company's performance.
• Uber reported Q2 earnings of $0.63 per share, exceeding expectations, with revenue growth of 18.2% year-over-year to $12.65 billion.

Axiom Investors LLC DE lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 32.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,218,184 shares of the ride-sharing company's stock after selling 572,826 shares during the quarter. Axiom Investors LLC DE owned approximately 0.06% of Uber Technologies worth $88,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Kozak & Associates Inc. boosted its stake in 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 in the last quarter. Vision Financial Markets LLC acquired a new stake in Uber Technologies in the 1st quarter valued at $27,000. GPS Wealth Strategies Group LLC boosted its stake in Uber Technologies by 305.1% in the 1st 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 in the last quarter. Finally, Perkins Coie Trust Co boosted its stake in Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UBER. Susquehanna boosted their price target on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Roth Capital boosted their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their price target on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note 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 company's stock. According to MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $103.06.

Uber Technologies Price Performance

Uber Technologies stock opened at $90.89 on Monday. The firm has a market cap of $189.54 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.04 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The business's fifty day moving average is $92.42 and its two-hundred day moving average is $84.05.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate 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 company posted $0.47 earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the business's 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 sale, the insider owned 170,269 shares in the company, valued at $16,175,555. The trade was a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,696 shares of company stock worth $4,632,774. Insiders own 3.70% 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.

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