Uber Technologies, Inc. (NYSE:UBER) Holdings Increased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd increased its ownership of Uber Technologies, acquiring an additional 6,953 shares and raising its stake by 430.5% to a total of 8,568 shares.
• Insider selling activities included CFO Prashanth Mahendra-Rajah selling 2,750 shares, resulting in an 11.12% decrease in his holdings, while insider Jill Hazelbaker sold 34,884 shares, reducing her stake by 25.46%.
• Analyst ratings for Uber have seen upgrades, with Stifel Nicolaus raising its price target from $110 to $117 and the consensus price target set at $100.71.

Bayforest Capital Ltd lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 430.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,568 shares of the ride-sharing company's stock after buying an additional 6,953 shares during the period. Bayforest Capital Ltd's holdings in Uber Technologies were worth $624,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UBER. Transce3nd LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth $27,000. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC purchased a new position in Uber Technologies in the first quarter valued at about $27,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 299 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UBER shares. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Stifel Nicolaus raised their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday. Bank of America upped their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Roth Capital set a $110.00 price objective on Uber Technologies and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Needham & Company LLC set a $109.00 target price on Uber Technologies and gave the company a "buy" rating in a report on Monday, July 14th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $100.71.

Uber Technologies Stock Up 0.6%

Shares of NYSE:UBER traded up $0.49 during midday trading on Wednesday, reaching $87.60. The company had a trading volume of 16,800,396 shares, compared to its average volume of 15,642,950. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $183.19 billion, a P/E ratio of 15.34, a PEG ratio of 1.00 and a beta of 1.40. The stock's fifty day moving average price is $89.16 and its 200-day moving average price is $79.94.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the business posted ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. Equities research analysts expect 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 Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,384 shares of company stock worth $3,496,071. 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.