Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Invests $6.44 Million in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD invested $6.44 million in Uber Technologies, acquiring approximately 88,474 shares in the first quarter.
• Several hedge funds increased their holdings in Uber, with Capital Research Global Investors raising its stake by 79% and becoming one of the top shareholders.
• Uber recently reported earnings per share of $0.83, surpassing analysts' expectations, and has an average target price of $100.26 among research analysts with a mix of buy and hold ratings.

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 88,474 shares of the ride-sharing company's stock, valued at approximately $6,443,000.

A number of other hedge funds also recently made changes to their positions in UBER. Capital Research Global Investors lifted its holdings 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 worth $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of 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. Toyota Motor Corp purchased a new position in shares of Uber Technologies in the fourth quarter worth $309,192,000. Jericho Capital Asset Management L.P. purchased a new position in shares of Uber Technologies in the fourth quarter worth $298,644,000. Finally, Capital World Investors boosted its position in shares of 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 worth $1,831,021,000 after acquiring an additional 2,792,039 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of the 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 owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, July 7th. The shares were 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 approximately $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $91.31 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $190.94 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. The firm has a 50-day moving average of $89.29 and a two-hundred day moving average of $79.51. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) earnings per share. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UBER shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Barclays raised their price objective on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Roth Capital boosted their target price on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price target for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Ten analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $100.26.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.