IFM Investors Pty Ltd Acquires 32,356 Shares of Uber Technologies, Inc. (NYSE:UBER)

IFM Investors Pty Ltd raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 374,924 shares of the ride-sharing company's stock after purchasing an additional 32,356 shares during the period. IFM Investors Pty Ltd's holdings in Uber Technologies were worth $28,179,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of 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 buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its stake 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 valued at $939,000 after purchasing an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG purchased a new position in Uber Technologies during the fourth quarter valued at approximately $395,000. Mission Wealth Management LP boosted its holdings in Uber Technologies by 109.0% in the 4th quarter. Mission Wealth Management LP now owns 7,955 shares of the ride-sharing company's stock valued at $480,000 after purchasing an additional 4,149 shares during the period. Finally, Exencial Wealth Advisors LLC grew its position in Uber Technologies by 175.1% during the fourth quarter. Exencial Wealth Advisors LLC now owns 7,771 shares of the ride-sharing company's stock worth $469,000 after buying an additional 4,946 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Up 1.5%

Uber Technologies stock opened at $93.46 on Friday. The firm has a market capitalization of $195.43 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.17 and a beta of 1.40. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $94.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average price of $86.59 and a 200 day moving average price of $76.09.

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 for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.32) earnings per share. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer owned 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UBER. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. The Goldman Sachs Group lifted their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Finally, Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $94.85.

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.

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