CW Advisors LLC Acquires 204,363 Shares of Uber Technologies, Inc. $UBER

Key Points

• CW Advisors LLC increased its stake in Uber Technologies by 704.7%, acquiring an additional 204,363 shares during the first quarter, bringing its total holdings to 233,362 shares worth approximately $17 million.
• Several institutional investors, including Vanguard Group Inc. and Boston Partners, also boosted their positions in Uber, with institutional ownership now at 80.24%.
• Uber reported a quarterly earnings per share of $0.63, surpassing analysts' estimates, with revenue of $12.65 billion, reflecting an 18.2% year-over-year growth.

CW Advisors LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 704.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 233,362 shares of the ride-sharing company's stock after buying an additional 204,363 shares during the quarter. CW Advisors LLC's holdings in Uber Technologies were worth $17,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Uber Technologies by 3.2% during 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. Northern Trust Corp raised its holdings in Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company's stock valued at $1,401,873,000 after buying an additional 720,122 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock valued at $995,801,000 after buying an additional 394,157 shares during the last quarter. Boston Partners increased its position in Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after purchasing an additional 2,749,456 shares during the period. Finally, Pacer Advisors Inc. increased its position in Uber Technologies by 2,571.2% during 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 purchasing an additional 6,254,898 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on UBER shares. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. DA Davidson boosted their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Roth Capital upped their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. BMO Capital Markets upped their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, Stifel Nicolaus upped their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $94.21 on Friday. The firm's 50-day moving average price is $90.82 and its 200-day moving average price is $82.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $196.47 billion, a PE ratio of 16.05, a PEG ratio of 1.08 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.

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 for the quarter, topping 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 business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter last 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, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.

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