IPG Investment Advisors LLC Acquires 5,843 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• IPG Investment Advisors LLC increased its holdings in Uber Technologies by 12.4%, acquiring an additional 5,843 shares, bringing their total to 52,930 shares valued at $3,856,000.
• Uber Technologies reported a quarterly EPS of $0.83, exceeding analysts' expectations of $0.50, with a revenue of $11.53 billion, which was slightly below estimates.
• Brokerages have revised their price targets for Uber, with projections ranging from $100.00 to $115.00, and the stock carries a consensus rating of "Moderate Buy."

IPG Investment Advisors LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 12.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,930 shares of the ride-sharing company's stock after acquiring an additional 5,843 shares during the period. IPG Investment Advisors LLC's holdings in Uber Technologies were worth $3,856,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Capital Research Global Investors boosted its stake in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Capital World Investors boosted its stake in Uber Technologies by 10.1% during the fourth 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 last quarter. Northern Trust Corp boosted its stake in Uber Technologies by 9.0% during the fourth 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 last quarter. Pacer Advisors Inc. boosted its stake in Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after buying an additional 6,254,898 shares during the last quarter. Finally, Allen Investment Management LLC boosted its stake in Uber Technologies by 2.8% during the first quarter. Allen Investment Management LLC now owns 5,304,178 shares of the ride-sharing company's stock valued at $386,462,000 after buying an additional 142,559 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 0.9%

Shares of NYSE UBER opened at $86.98 on Monday. The business's 50 day moving average price is $89.12 and its 200-day moving average price is $80.47. The company has a market cap of $181.89 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.00 and a beta of 1.43. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UBER. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Citigroup increased their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. KeyCorp increased their price target on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Finally, Needham & Company LLC increased their price target on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.71.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's 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 transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

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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