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Fagan Associates Inc. Boosts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Uber Technologies logo with Computer and Technology background

Fagan Associates Inc. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,500 shares of the ride-sharing company's stock after acquiring an additional 14,103 shares during the quarter. Uber Technologies accounts for about 1.3% of Fagan Associates Inc.'s portfolio, making the stock its 24th largest position. Fagan Associates Inc.'s holdings in Uber Technologies were worth $7,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Clark Capital Management Group Inc. boosted its holdings in shares of Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after purchasing an additional 399,008 shares during the last quarter. UMB Bank n.a. grew its position in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $1,875,000. Finally, APG Asset Management N.V. bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $84,687,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UBER. TD Cowen cut their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley restated an "overweight" rating on shares of Uber Technologies in a report on Monday. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Monday, May 5th. Finally, UBS Group increased their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.97.

Check Out Our Latest Analysis on Uber Technologies

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm'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 owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,384 shares of company stock valued at $3,496,071. Company insiders own 3.70% of the company's stock.

Uber Technologies Price Performance

NYSE:UBER traded up $0.90 during trading hours on Monday, reaching $91.49. 2,169,947 shares of the company were exchanged, compared to its average volume of 22,505,895. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock's 50-day moving average is $89.22 and its 200-day moving average is $78.82. The firm has a market cap of $191.31 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the business earned ($0.32) earnings per share. The company's quarterly revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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