IFP Advisors Inc Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

IFP Advisors Inc grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 17.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 40,486 shares of the ride-sharing company's stock after acquiring an additional 6,009 shares during the period. IFP Advisors Inc's holdings in Uber Technologies were worth $2,950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its position in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Uber Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after buying an additional 1,061,088 shares during the period. Capital World Investors lifted its holdings in shares of Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after buying an additional 2,792,039 shares during the period. Norges Bank bought a new position in shares of Uber Technologies during the 4th quarter valued at $1,467,754,000. Finally, Northern Trust Corp lifted its holdings in shares of Uber Technologies by 9.0% during the 4th quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock valued at $1,117,158,000 after buying an additional 1,528,168 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on UBER. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday. Bank of America raised their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Stifel Nicolaus assumed coverage on Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 target price on the stock. Finally, Loop Capital reiterated a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Ten research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.26.

Uber Technologies Stock Up 1.5%

UBER traded up $1.32 during trading on Thursday, reaching $91.26. The company had a trading volume of 16,258,433 shares, compared to its average volume of 22,426,393. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.71. The company has a market cap of $190.84 billion, a P/E ratio of 16.00, a PEG ratio of 1.06 and a beta of 1.40. The business's fifty day moving average price is $89.28 and its 200 day moving average price is $79.17.

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 (EPS) 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 firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the business earned ($0.32) EPS. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company'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 transaction, the insider directly 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. Insiders have sold 40,384 shares of company stock worth $3,496,071 over the last three months. Insiders own 3.84% of the company's stock.

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.