Capital Analysts LLC Increases Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Capital Analysts LLC significantly increased its stake in Uber Technologies by 21,395.6% during the first quarter, owning 58,253 shares valued at approximately $4.24 million.
• Several institutional investors have also boosted their holdings in Uber, with Pacer Advisors increasing its position by 2,571.2% and Vanguard Group raising its stake by 3.2% in the same period.
• Analysts have generally given Uber a Moderate Buy rating with a consensus price target of $102.82, following recent upgrades from multiple research firms.

Capital Analysts LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21,395.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,253 shares of the ride-sharing company's stock after purchasing an additional 57,982 shares during the period. Capital Analysts LLC's holdings in Uber Technologies were worth $4,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Pacer Advisors Inc. boosted its position in 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. raised 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 buying an additional 5,759,353 shares during the period. Toyota Motor Corp bought a new position in shares of Uber Technologies in the fourth quarter worth about $309,192,000. Jericho Capital Asset Management L.P. bought a new position in shares of Uber Technologies in the fourth quarter worth about $298,644,000. Finally, Boston Partners raised 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 buying an additional 2,749,456 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UBER. Stifel Nicolaus raised their price objective on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. BMO Capital Markets raised their price objective on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. UBS Group raised their price objective on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Finally, Susquehanna raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Stock Performance

NYSE:UBER opened at $95.3560 on Wednesday. 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, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The stock's 50 day simple moving average is $90.51 and its two-hundred day simple moving average is $82.36. The company has a market cap of $198.86 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.08 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) 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 business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The company's revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, 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 legal filing with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on 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 sale, the senior vice president directly owned 416,222 shares in the company, 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 own 3.70% of the company's stock.

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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