Clal Insurance Enterprises Holdings Ltd Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Clal Insurance Enterprises Holdings Ltd increased its stake in Uber Technologies by 68.2%, owning 18,584 shares valued at approximately $1.35 million after acquiring an additional 7,534 shares in the first quarter.
• A variety of institutional investors have modified their holdings in Uber, with hedge funds and other institutional investors now owning 80.24% of the company's stock.
• Uber's stock recently saw a 1.2% increase and reported earnings of $0.63 per share for the last quarter, exceeding the consensus estimate of $0.61.

Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 68.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 18,584 shares of the ride-sharing company's stock after buying an additional 7,534 shares during the period. Clal Insurance Enterprises Holdings Ltd's holdings in Uber Technologies were worth $1,354,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Transce3nd LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter valued at about $27,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the 1st quarter valued at about $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on UBER. Wells Fargo & Company dropped their target price on Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Royal Bank Of Canada raised their target price on Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research 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. Wedbush lowered their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Eleven analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Stock Up 1.2%

Uber Technologies stock opened at $90.63 on Tuesday. The firm has a market capitalization of $189.00 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.03 and a beta of 1.43. The stock's fifty day simple moving average is $89.58 and its 200-day simple moving average is $81.40. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71.

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

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.

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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