First Financial Bankshares Inc Invests $5.67 Million in Uber Technologies, Inc. $UBER

Key Points

• First Financial Bankshares Inc invested approximately $5.67 million in Uber Technologies, acquiring 77,831 shares during the first quarter.
• Uber Technologies recently reported $0.63 earnings per share (EPS), exceeding analysts' estimates, with a quarterly revenue of $12.65 billion, an 18.2% increase from last year.
• Wall Street analysts show a consensus rating of "Moderate Buy" for Uber, with target prices ranging from $102.82 to $113.00.

First Financial Bankshares Inc purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 77,831 shares of the ride-sharing company's stock, valued at approximately $5,671,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies during the fourth quarter valued at about $27,000. Kozak & Associates Inc. raised its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in Uber Technologies in the first quarter valued at approximately $27,000. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the first quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of 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 worth $29,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 2.3%

NYSE:UBER opened at $93.80 on Monday. The stock's 50 day moving average price is $92.21 and its 200 day moving average price is $83.63. The company has a market capitalization of $195.61 billion, a PE ratio of 15.98, a P/E/G ratio of 1.08 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. 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 released its quarterly earnings results 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 firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UBER shares. Wall Street Zen downgraded Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 7th. Roth Capital lifted their target price on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, BMO Capital Markets lifted their target price on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the completion of the sale, the insider directly owned 170,269 shares of the company's stock, valued at approximately $16,175,555. This trade represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,696 shares of company stock valued at $4,632,774 over the last 90 days. Insiders own 3.70% of the company's stock.

Uber Technologies 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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