FourThought Financial Partners LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• FourThought Financial Partners LLC has acquired a new stake in Uber Technologies worth approximately $208,000, purchasing 2,856 shares during the first quarter.
• A number of institutional investors have recently increased their holdings in Uber, with 80.24% of the company's stock owned by such investors.
• Uber reported earnings of $0.83 EPS for the last quarter, beating estimates and marking a 13.8% year-over-year revenue increase. Analysts expect a continued positive outlook with a consensus price target of $100.26.

FourThought Financial Partners LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,856 shares of the ride-sharing company's stock, valued at approximately $208,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. increased its holdings in shares of Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after acquiring an additional 399,008 shares during the last quarter. UMB Bank n.a. boosted its position in 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% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the period. Mufg Securities Americas Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at $1,875,000. Finally, APG Asset Management N.V. acquired a new stake in shares of Uber Technologies during the fourth quarter worth $84,687,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UBER shares. Loop Capital reissued a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Piper Sandler raised their price objective on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Stifel Nicolaus raised their price target on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday. Needham & Company LLC raised their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, DA Davidson raised their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Ten analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $100.71.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction 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 directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction 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 sale, the insider owned 102,135 shares in the company, valued at approximately $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 three months, insiders sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 3.8%

NYSE UBER traded down $3.41 during trading hours on Tuesday, reaching $87.19. The company's stock had a trading volume of 24,941,633 shares, compared to its average volume of 22,360,287. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $182.33 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.05 and a beta of 1.40. The firm has a fifty day simple moving average of $89.25 and a 200-day simple moving average of $79.89.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its 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 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the company posted ($0.32) earnings per share. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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.