Federation des caisses Desjardins du Quebec Grows Position in Uber Technologies, Inc. $UBER

Federation des caisses Desjardins du Quebec boosted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 29.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 310,201 shares of the ride-sharing company's stock after purchasing an additional 71,272 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Uber Technologies were worth $22,605,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of UBER. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. grew its holdings in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC purchased a new stake in Uber Technologies in the first quarter valued at approximately $27,000. Vision Financial Markets LLC purchased a new stake in Uber Technologies in the first quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UBER shares. Piper Sandler boosted their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. UBS Group boosted their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. The Goldman Sachs Group boosted their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Cowen reissued a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Finally, Loop Capital reissued a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.82.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares of the company's stock, valued at $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,696 shares of company stock valued at $4,632,774. Insiders own 3.70% of the company's stock.

Uber Technologies Trading Down 1.0%

UBER opened at $92.84 on Wednesday. The stock has a market capitalization of $193.61 billion, a PE ratio of 15.82, a P/E/G ratio of 1.08 and a beta of 1.43. The firm's fifty day moving average price is $92.41 and its 200 day moving average price is $83.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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. The firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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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