Canada Pension Plan Investment Board Sells 1,493,080 Shares of Uber Technologies, Inc. $UBER

Key Points

• The Canada Pension Plan Investment Board has reduced its position in Uber Technologies by 1,493,080 shares, representing a 29.6% decrease, leaving them with approximately 3.54 million shares valued at $258 million.
• Wall Street analysts have given Uber a consensus rating of "Moderate Buy", with a price target range between $102 and $117 from various brokerages.
• Insiders at Uber Technologies have sold a total of 48,696 shares valued at over $4.6 million in the last quarter, indicating changes in their stock holdings.

Canada Pension Plan Investment Board trimmed its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 29.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,544,073 shares of the ride-sharing company's stock after selling 1,493,080 shares during the period. Canada Pension Plan Investment Board owned approximately 0.17% of Uber Technologies worth $258,221,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UBER. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies during the fourth quarter worth about $27,000. Kozak & Associates Inc. raised its holdings in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new stake in Uber Technologies during the first quarter worth about $27,000. Vision Financial Markets LLC bought a new stake in Uber Technologies during the first quarter worth about $27,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UBER. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Roth Capital boosted their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Stifel Nicolaus upped their target price on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Finally, Citigroup upped their target price on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction 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 sale, the insider owned 86,531 shares of the company's stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. The trade was a 2.70% 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 valued at $4,632,774 over the last quarter. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Up 0.6%

Shares of UBER opened at $95.95 on Friday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The business's fifty day moving average is $92.01 and its 200-day moving average is $83.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $200.09 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.09 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the company posted $0.47 EPS. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.

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