Fermata Advisors LLC Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

Fermata Advisors LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,007 shares of the ride-sharing company's stock, valued at approximately $292,000.

Several other institutional investors have also recently added to or reduced their stakes in UBER. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after purchasing an additional 2,364,525 shares during the period. Capital Research Global Investors raised its holdings in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors grew its position in shares of Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after acquiring an additional 2,792,039 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Uber Technologies during the fourth quarter worth about $1,467,754,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Evercore ISI lowered their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group upped their price target 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. Finally, Wells Fargo & Company increased their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $93.91.

Uber Technologies Stock Performance

Shares of UBER stock opened at $84.62 on Friday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The stock's 50-day moving average is $80.13 and its two-hundred day moving average is $73.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market cap of $176.96 billion, a P/E ratio of 18.56, a PEG ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the business earned ($0.32) EPS. The business's quarterly revenue was up 13.8% on a year-over-year basis. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 now directly owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,788 shares of company stock valued at $6,517,070. Corporate insiders own 3.84% of the company's stock.

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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