Blair William & Co. IL Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Blair William & Co. IL increased its position in Uber Technologies by 5.6% during the first quarter, owning 4,248,809 shares valued at approximately $309.57 million.
• Multiple research firms have recently raised their target prices for Uber, with Barclays setting a new target of $97.00 and Wells Fargo increasing it to $120.00, indicating a generally positive outlook.
• In its latest earnings report, Uber Technologies reported an EPS of $0.83, exceeding expectations, and a year-over-year revenue growth of 13.8%.

Blair William & Co. IL lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,248,809 shares of the ride-sharing company's stock after buying an additional 226,234 shares during the quarter. Uber Technologies comprises approximately 0.9% of Blair William & Co. IL's investment portfolio, making the stock its 19th largest holding. Blair William & Co. IL owned about 0.20% of Uber Technologies worth $309,568,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $395,000. World Investment Advisors raised its stake in shares of Uber Technologies by 76.9% in the fourth quarter. World Investment Advisors now owns 20,824 shares of the ride-sharing company's stock worth $1,256,000 after purchasing an additional 9,051 shares during the last quarter. Finally, Prudential PLC raised its stake in shares of Uber Technologies by 18.7% in the fourth quarter. Prudential PLC now owns 204,485 shares of the ride-sharing company's stock worth $12,335,000 after purchasing an additional 32,194 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on 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 transaction, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were 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 $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent research reports. Stifel Nicolaus upped their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Needham & Company LLC upped their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Roth Capital upped their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Sanford C. Bernstein upped their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, DA Davidson upped their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Ten analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $100.71.

Uber Technologies Stock Performance

Uber Technologies stock traded up $1.14 during midday trading on Tuesday, hitting $89.57. The stock had a trading volume of 25,729,909 shares, compared to its average volume of 22,214,607. The firm's fifty day moving average is $89.15 and its two-hundred day moving average is $80.68. The company has a market capitalization of $187.31 billion, a PE ratio of 15.69, a P/E/G ratio of 1.00 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 current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the firm posted ($0.32) EPS. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

About Uber Technologies

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.