Intrepid Financial Planning Group LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Intrepid Financial Planning Group LLC has invested approximately $225,000 in Uber Technologies by purchasing 3,094 shares during the first quarter.
• Several hedge funds, including Tyler Stone Wealth Management and Philadelphia Trust Co., have increased their stakes in Uber, contributing to about 80.24% of the stock being owned by institutional investors.
• Uber Technologies recently reported $0.63 earnings per share, exceeding analysts' expectations, with a revenue of $12.65 billion for the quarter, which is an 18.2% year-over-year increase.

Intrepid Financial Planning Group LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,094 shares of the ride-sharing company's stock, valued at approximately $225,000.

Several other hedge funds have also added to or reduced their stakes in UBER. Tyler Stone Wealth Management lifted its holdings in shares of Uber Technologies by 18.0% during the first quarter. Tyler Stone Wealth Management now owns 47,835 shares of the ride-sharing company's stock valued at $3,485,000 after purchasing an additional 7,304 shares in the last quarter. Philadelphia Trust Co. bought a new position in shares of Uber Technologies during the first quarter valued at $17,283,000. AR Asset Management Inc. bought a new position in shares of Uber Technologies during the first quarter valued at $801,000. Timelo Investment Management Inc. lifted its holdings in shares of Uber Technologies by 48.0% during the first quarter. Timelo Investment Management Inc. now owns 37,000 shares of the ride-sharing company's stock valued at $2,696,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in shares of Uber Technologies by 4.1% during the first quarter. Cresset Asset Management LLC now owns 707,104 shares of the ride-sharing company's stock valued at $51,520,000 after purchasing an additional 27,938 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research analyst reports. Roth Capital upped their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 14th. Cowen reissued a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Bank of America increased their target price on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wall Street Zen downgraded Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Stock Performance

NYSE:UBER opened at $92.64 on Friday. 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, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The stock has a 50-day moving average price of $90.19 and a 200 day moving average price of $81.86. The stock has a market capitalization of $193.19 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.05 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter last year, the business posted $0.47 earnings per share. The firm's revenue was up 18.2% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.84% of the stock is owned by corporate 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.

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