Charles Schwab Investment Management Inc. Has $995.80 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Uber Technologies by 3.0%, acquiring an additional 394,157 shares during the first quarter, bringing its total to 13,667,322 shares valued at approximately $995.8 million.
• Insider sales were noted, with Jill Hazelbaker selling 34,884 shares for over $3 million, and CFO Prashanth Mahendra-Rajah selling 2,750 shares valued at $261,250.
• Uber's stock has seen recent upgrades from several brokerages, with target prices now ranging from $98.00 to $110.00, reflecting a general optimism as twenty-nine analysts maintain a buy rating.

Charles Schwab Investment Management Inc. grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,667,322 shares of the ride-sharing company's stock after buying an additional 394,157 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.65% of Uber Technologies worth $995,801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Capital Research Global Investors increased its stake in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Pacer Advisors Inc. grew its stake in Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after buying an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. grew its stake in Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after buying an additional 5,759,353 shares during the last quarter. Toyota Motor Corp acquired a new position in Uber Technologies in the 4th quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in Uber Technologies in the 4th quarter valued at about $298,644,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

NYSE:UBER traded down $3.03 on Friday, hitting $89.64. The company had a trading volume of 26,183,828 shares, compared to its average volume of 18,471,660. The stock has a market capitalization of $187.45 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.06 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.02 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $89.44 and a two-hundred day moving average of $81.06. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71.

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

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company'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 transaction of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UBER shares. Morgan Stanley reiterated an "overweight" rating and issued a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. 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. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Bank of America boosted their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $102.82.

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.