Compound Planning Inc. Increases Position in Uber Technologies, Inc. $UBER

Key Points

• Compound Planning Inc. increased its stake in Uber Technologies, acquiring an additional 5,394 shares, resulting in a total of 40,499 shares valued at approximately $2.95 million.
• Several hedge funds, including Norinchukin Bank and CW Advisors LLC, also significantly boosted their holdings in Uber during the first quarter, indicating strong institutional interest.
• Analysts have mixed ratings for Uber, with a consensus rating of "Moderate Buy" and a price target of $102.82, despite some firms recently raising their price targets on the stock.

Compound Planning Inc. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,499 shares of the ride-sharing company's stock after acquiring an additional 5,394 shares during the quarter. Compound Planning Inc.'s holdings in Uber Technologies were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. lifted its position in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after acquiring an additional 399,008 shares during the period. UMB Bank n.a. boosted its holdings in shares of Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after acquiring an additional 3,073 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the period. Mufg Securities Americas Inc. acquired a new position in shares of Uber Technologies during the fourth quarter worth about $1,875,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of Uber Technologies during the first quarter worth about $943,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

UBER stock traded up $2.4720 during trading on Friday, reaching $96.7020. 15,568,337 shares of the company were exchanged, compared to its average volume of 18,899,732. The company has a market cap of $201.66 billion, a P/E ratio of 16.47, a PEG ratio of 1.11 and a beta of 1.43. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The stock's 50 day moving average price is $91.08 and its 200 day moving average price is $82.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

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 company 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 firm earned $0.47 earnings per share. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wedbush dropped their price target on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Cowen reiterated a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Needham & Company LLC boosted their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Sanford C. Bernstein boosted their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Susquehanna boosted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, July 7th. The shares were 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. This represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction 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 $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies 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.