Benedict Financial Advisors Inc. Acquires 3,859 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Benedict Financial Advisors Inc. increased its stake in Uber Technologies by 29.6%, now holding a total of 16,907 shares worth approximately $1.23 million.
• Several institutional investors have significantly increased their positions in Uber, with Capital Research Global Investors boosting its stake by 79% to own over $7 billion worth of shares.
• Uber's most recent earnings report showed an EPS of $0.83, exceeding analysts' expectations, and revenue of $11.53 billion, marking a 13.8% year-over-year increase.

Benedict Financial Advisors Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 29.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,907 shares of the ride-sharing company's stock after buying an additional 3,859 shares during the period. Benedict Financial Advisors Inc.'s holdings in Uber Technologies were worth $1,232,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of UBER. Capital Research Global Investors grew its position in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after buying an additional 52,125,476 shares during the period. Geode Capital Management LLC grew its position in Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after buying an additional 1,061,088 shares during the period. Capital World Investors grew its position in Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after buying an additional 2,792,039 shares during the period. Norges Bank bought a new position in Uber Technologies during the fourth quarter valued at about $1,467,754,000. Finally, Northern Trust Corp boosted its position in Uber Technologies by 9.0% during the fourth quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock worth $1,117,158,000 after purchasing an additional 1,528,168 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. Piper Sandler increased their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday. Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. KeyCorp increased their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $100.26.

Uber Technologies Trading Up 0.5%

NYSE:UBER traded up $0.44 during trading hours on Friday, hitting $91.31. The company had a trading volume of 13,845,668 shares, compared to its average volume of 16,021,651. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.71. The company has a market capitalization of $190.94 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. 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 50-day moving average price of $89.29 and a 200 day moving average price of $79.51.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the previous year, the business posted ($0.32) EPS. The company's quarterly revenue was up 13.8% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is owned by insiders.

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.