Focus Partners Advisor Solutions LLC Makes New $739,000 Investment in Uber Technologies, Inc. $UBER

Key Points

• Focus Partners Advisor Solutions LLC purchased 10,137 shares of Uber Technologies, valued at approximately $739,000, marking a significant investment in the company during the first quarter.
• Uber reported a quarterly earnings per share of $0.63, surpassing the consensus estimate of $0.61, with revenues of $12.65 billion for the same period.
• Institutional investors own 80.24% of Uber's stock, highlighting strong institutional confidence in the company amidst various recent investments by hedge funds.

Focus Partners Advisor Solutions LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,137 shares of the ride-sharing company's stock, valued at approximately $739,000.

Several other institutional investors have also recently bought and sold shares of UBER. Brighton Jones LLC raised its position in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised 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. Bank Pictet & Cie Europe AG bought a new position in Uber Technologies in the 4th quarter worth approximately $395,000. Bison Wealth LLC raised its position in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after purchasing an additional 641 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Uber Technologies by 52.2% in the 4th quarter. Baird Financial Group Inc. now owns 207,634 shares of the ride-sharing company's stock worth $12,524,000 after purchasing an additional 71,206 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Roth Capital boosted their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Needham & Company LLC upped their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. DA Davidson upped their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, UBS Group upped their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.06.

Uber Technologies Stock Performance

NYSE:UBER traded down $1.09 on Friday, hitting $90.89. The company's stock had a trading volume of 20,364,649 shares, compared to its average volume of 14,781,707. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The firm has a market capitalization of $189.54 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. The stock has a fifty day moving average of $92.42 and a two-hundred day moving average of $84.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the business posted $0.47 earnings per share. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In related news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the transaction, the insider directly owned 170,269 shares of the company's stock, valued at $16,175,555. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,696 shares of company stock valued at $4,632,774. 3.84% of the stock is owned by insiders.

About Uber Technologies

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.