Guardian Partners Inc. Purchases New Shares in Uber Technologies, Inc. $UBER

Key Points

• Guardian Partners Inc. has made a new investment of approximately $1.45 million in Uber Technologies, acquiring about 19,690 shares during the first quarter.
• Uber Technologies reported a quarterly earnings per share (EPS) of $0.63, surpassing analysts' expectations of $0.61, with revenue of $12.65 billion, a year-over-year increase of 18.2%.
• Recent analyst reports have boosted Uber's price targets, with UBS Group raising the target to $117.00 and JPMorgan increasing theirs to $110.00, indicating strong market interest in the stock.

Guardian Partners Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,690 shares of the ride-sharing company's stock, valued at approximately $1,453,000.

A number of other large investors have also bought and sold shares of UBER. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies during the 1st quarter worth approximately $2,207,743,000. Pacer Advisors Inc. increased its stake in Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. increased its stake in Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Toyota Motor Corp acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $309,192,000. Finally, Boston Partners raised its position in Uber Technologies by 43.8% in the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after buying an additional 2,749,456 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Up 3.5%

Shares of NYSE:UBER traded up $3.18 during trading on Monday, hitting $94.17. 18,882,614 shares of the company were exchanged, compared to its average volume of 14,490,310. The stock has a market cap of $196.38 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 1.04 and a beta of 1.43. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The firm has a fifty day moving average price of $92.44 and a two-hundred day moving average price of $84.16. 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 posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Tony West sold 3,125 shares of Uber Technologies 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 transaction, the insider directly owned 170,269 shares in the company, valued at approximately $16,175,555. The trade was a 1.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company's stock, valued at $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock worth $4,632,774 over the last 90 days. Company insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent research reports. Morgan Stanley reissued an "overweight" rating and issued a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Needham & Company LLC lifted their target price on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. UBS Group lifted their target price on Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Cantor Fitzgerald reissued 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $103.06.

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.