3,788 Shares in Uber Technologies, Inc. $UBER Bought by Bigelow Investment Advisors LLC

Key Points

• Bigelow Investment Advisors LLC has acquired a new position in Uber Technologies, Inc. worth approximately $353,000, purchasing 3,788 shares of the company's stock in the second quarter.
• Uber Technologies reported earnings of $0.63 per share for the last quarter, surpassing analyst estimates of $0.61, with revenue also exceeding expectations at $12.65 billion.
• Institutional investors collectively own approximately 80.24% of Uber Technologies' stock, indicating significant interest from large financial entities in the ride-sharing company.

Bigelow Investment Advisors LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,788 shares of the ride-sharing company's stock, valued at approximately $353,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies in the first quarter worth $2,207,743,000. Pacer Advisors Inc. grew its stake in shares of Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after purchasing an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Boston Partners grew its stake in shares of Uber Technologies by 43.8% in the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after purchasing an additional 2,749,456 shares during the last quarter. Finally, Baillie Gifford & Co. bought a new stake in shares of Uber Technologies in the first quarter worth $167,532,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $3.98 on Friday, reaching $98.68. 38,703,086 shares of the company traded hands, compared to its average volume of 16,364,744. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $99.70. The company has a 50 day moving average of $92.63 and a 200 day moving average of $85.32. The firm has a market capitalization of $205.79 billion, a PE ratio of 16.81, a PEG ratio of 1.09 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate 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 net margin of 26.68% and a return on equity of 59.96%. Uber Technologies's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 3,125 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the transaction, the insider directly owned 170,269 shares of the company's stock, valued at $16,175,555. This trade represents a 1.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares of the company's stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 354,571 shares of company stock worth $33,810,741 in the last 90 days. 3.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on UBER shares. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Royal Bank Of Canada boosted their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Piper Sandler boosted their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Sanford C. Bernstein upped their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Uber Technologies Company 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.