JT Stratford LLC Acquires 13,724 Shares of Uber Technologies, Inc. $UBER

Key Points

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JT Stratford LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 96.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,898 shares of the ride-sharing company's stock after buying an additional 13,724 shares during the quarter. JT Stratford LLC's holdings in Uber Technologies were worth $2,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of UBER. Clark Capital Management Group Inc. raised its position in Uber Technologies by 11,354.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after purchasing an additional 399,008 shares during the last quarter. UMB Bank n.a. raised its position in Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in Uber Technologies in the fourth quarter valued at about $1,875,000. Finally, Dynamic Advisor Solutions LLC bought a new position in Uber Technologies in the first quarter valued at about $943,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 completion of the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.70% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $93.89 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day simple moving average of $90.33 and a two-hundred day simple moving average of $82.27. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The company has a market capitalization of $195.80 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.06 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 analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the business posted $0.47 earnings per share. The business's revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on UBER. Wells Fargo & Company dropped their target price on Uber Technologies from $120.00 to $119.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Roth Capital increased their target price on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group increased their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Bank of America increased their price target on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

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.

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