Integrated Investment Consultants LLC Invests $11.21 Million in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Integrated Investment Consultants LLC invested approximately $11.21 million in Uber Technologies, acquiring 153,868 shares, making it the 10th largest position in their portfolio.
• Several institutional investors significantly increased their stakes in Uber in the fourth quarter, with Capital Research Global Investors boosting its holdings by 79% to over $7 billion.
• Analyst ratings for Uber Technologies have shown positive trends, with Wells Fargo raising their target price from $100 to $120, reflecting strong analyst support around the stock.

Integrated Investment Consultants LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 153,868 shares of the ride-sharing company's stock, valued at approximately $11,211,000. Uber Technologies accounts for about 1.6% of Integrated Investment Consultants LLC's portfolio, making the stock its 10th largest position.

Several other hedge funds also recently added to or reduced their stakes in UBER. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth about $27,000. Kozak & Associates Inc. boosted its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in Uber Technologies by 305.1% in the 1st 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 in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred 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 owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on 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 transaction, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock valued at $3,496,071 over the last ninety days. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

NYSE:UBER traded up $0.44 on Friday, reaching $91.31. The stock had a trading volume of 13,845,668 shares, compared to its average volume of 16,021,651. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $190.94 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.71. The stock has a fifty day moving average price of $89.29 and a 200-day moving average price of $79.61.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations 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 was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.32) EPS. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on UBER. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Barclays lifted their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Finally, Roth Capital set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research note on Monday, July 14th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $100.26.

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.