Bosun Asset Management LLC Buys 4,849 Shares of Uber Technologies, Inc. $UBER

Key Points

• Bosun Asset Management LLC increased its holdings in **Uber Technologies, Inc.** by **26.9%**, acquiring an additional **4,849 shares** in the first quarter, bringing its total to **22,863 shares** valued at approximately **$1.67 million**.
• Several institutional investors, including **Vanguard Group** and **Boston Partners**, have significantly raised their stakes in Uber, with **Boston Partners** increasing its position by **43.8%** during the same period.
• Uber Technologies recently reported **$0.63 EPS**, surpassing analysts' expectations, and its revenues increased **18.2%** year-over-year, amounting to **$12.65 billion** for the quarter.

Bosun Asset Management LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 26.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,863 shares of the ride-sharing company's stock after purchasing an additional 4,849 shares during the period. Uber Technologies makes up approximately 0.7% of Bosun Asset Management LLC's holdings, making the stock its 25th largest holding. Bosun Asset Management LLC's holdings in Uber Technologies were worth $1,666,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Northern Trust Corp raised its position in Uber Technologies by 3.9% during the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company's stock valued at $1,401,873,000 after purchasing an additional 720,122 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Uber Technologies by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock valued at $995,801,000 after purchasing an additional 394,157 shares in the last quarter. Boston Partners raised its position in Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after purchasing an additional 2,749,456 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings 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 buying an additional 6,254,898 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 3,125 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total value of $296,875.00. Following the transaction, the insider owned 170,269 shares in the company, valued at $16,175,555. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,696 shares of company stock worth $4,632,774 over the last quarter. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 1.2%

Uber Technologies stock traded down $1.09 during trading hours on Friday, hitting $90.89. 20,364,649 shares of the stock traded hands, compared to its average volume of 14,781,707. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The firm's 50-day moving average price is $92.42 and its two-hundred day moving average price is $84.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $189.54 billion, a PE ratio of 15.48, a PEG ratio of 1.05 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the business earned $0.47 EPS. The business's revenue for the quarter was up 18.2% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

UBER has been the topic of several analyst reports. Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. BMO Capital Markets lifted their price objective on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wells Fargo & Company lifted their price objective on Uber Technologies from $119.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Citigroup lifted their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One equities research 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. Based on data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

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.