IFM Investors Pty Ltd Purchases 3,843 Shares of Uber Technologies, Inc. $UBER

Key Points

• IFM Investors Pty Ltd increased its stake in Uber Technologies, acquiring a total of 346,411 shares valued at approximately $25.24 million.
• In the first quarter, other large investors, such as Blue Rock Wealth Management and Belpointe Asset Management, also raised their holdings significantly in Uber Technologies, indicating increased institutional interest.
• Uber Technologies reported better than expected earnings per share of $0.63 and revenue of $12.65 billion, surpassing analysts' estimates for the quarter.

IFM Investors Pty Ltd increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 346,411 shares of the ride-sharing company's stock after acquiring an additional 3,843 shares during the quarter. IFM Investors Pty Ltd's holdings in Uber Technologies were worth $25,240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the fourth quarter worth $27,000. Kozak & Associates Inc. lifted its stake in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the period. Noble Wealth Management PBC purchased a new stake in Uber Technologies in the first quarter worth $27,000. Vision Financial Markets LLC purchased a new position in Uber Technologies during the first quarter valued at $27,000. Finally, GPS Wealth Strategies Group LLC lifted its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 0.5%

Shares of UBER traded up $0.51 during trading hours on Thursday, hitting $94.72. The company had a trading volume of 16,183,957 shares, compared to its average volume of 14,522,019. The firm has a fifty day moving average price of $92.57 and a 200-day moving average price of $84.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $197.53 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.08 and a beta of 1.43. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion during 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%.Uber Technologies's 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. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on UBER shares. Roth Capital raised their price objective on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Bank of America raised their price objective on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Piper Sandler raised their price objective on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Wells Fargo & Company raised their price objective on Uber Technologies from $119.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Finally, Raymond James Financial raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-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 issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $103.06.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,696 shares of company stock worth $4,632,774 over the last quarter. 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.