Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by First Pacific Advisors LP

First Pacific Advisors LP raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,201,244 shares of the ride-sharing company's stock after purchasing an additional 9,647 shares during the period. Uber Technologies comprises about 1.4% of First Pacific Advisors LP's investment portfolio, making the stock its 23rd largest position. First Pacific Advisors LP owned about 0.06% of Uber Technologies worth $87,523,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Clark Capital Management Group Inc. lifted its holdings in shares of Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after acquiring an additional 399,008 shares during the period. UMB Bank n.a. lifted its holdings in shares of Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after acquiring an additional 3,073 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the period. Mufg Securities Americas Inc. purchased a new position in shares of Uber Technologies during the 4th quarter worth about $1,875,000. Finally, APG Asset Management N.V. purchased a new position in shares of Uber Technologies during the 4th quarter worth about $84,687,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

UBER traded up $0.44 during trading hours on Friday, hitting $91.31. 13,845,668 shares of the stock were exchanged, compared to its average volume of 16,021,651. The stock has a market cap of $190.94 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. The stock has a 50-day simple moving average of $89.30 and a 200-day simple moving average of $79.34. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.71.

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 (EPS) for the quarter, topping 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 company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm posted ($0.32) EPS. The company's revenue for the quarter was up 13.8% on a year-over-year basis. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research reports. TD Cowen cut their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Citigroup boosted their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Sanford C. Bernstein boosted their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, UBS Group boosted their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $100.26.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is currently owned by insiders.

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.