Eagle Global Advisors LLC Acquires 12,395 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Eagle Global Advisors LLC increased its stake in Uber Technologies by 10.2% in Q1, acquiring an additional 12,395 shares, resulting in total holdings of 134,255 shares valued at approximately $9.78 million.
• Uber Technologies reported Q2 earnings of $0.63 EPS, surpassing analysts' expectations and showing an 18.2% revenue increase year-over-year with a total revenue of $12.65 billion.
• Analysts have been optimistic about Uber, with multiple firms raising their price targets; UBS increased theirs from $115 to $117 and several others maintaining a "buy" rating.

Eagle Global Advisors LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,255 shares of the ride-sharing company's stock after purchasing an additional 12,395 shares during the period. Eagle Global Advisors LLC's holdings in Uber Technologies were worth $9,782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UBER. AIA Group Ltd grew its stake in Uber Technologies by 15.5% during the first quarter. AIA Group Ltd now owns 79,616 shares of the ride-sharing company's stock valued at $5,801,000 after acquiring an additional 10,663 shares in the last quarter. WP Advisors LLC grew its stake in Uber Technologies by 4.7% during the first quarter. WP Advisors LLC now owns 15,093 shares of the ride-sharing company's stock valued at $1,100,000 after acquiring an additional 683 shares in the last quarter. Motley Fool Asset Management LLC grew its stake in Uber Technologies by 1.5% during the first quarter. Motley Fool Asset Management LLC now owns 97,173 shares of the ride-sharing company's stock valued at $7,080,000 after acquiring an additional 1,475 shares in the last quarter. Independent Advisor Alliance grew its stake in Uber Technologies by 4.0% during the first quarter. Independent Advisor Alliance now owns 43,202 shares of the ride-sharing company's stock valued at $3,148,000 after acquiring an additional 1,659 shares in the last quarter. Finally, Cove Private Wealth LLC purchased a new position in Uber Technologies in the 1st quarter worth approximately $231,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $89.64 on Monday. 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 $187.45 billion, a PE ratio of 15.27, a PEG ratio of 1.03 and a beta of 1.43. The firm's 50-day moving average price is $89.44 and its 200-day moving average price is $81.25. 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 posted 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. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research reports. UBS Group boosted their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research note on Thursday. Needham & Company LLC boosted their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Loop Capital reissued a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Wells Fargo & Company cut their price target on shares of Uber Technologies from $120.00 to $119.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, DA Davidson boosted their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $102.82.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm'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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.84% 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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