M Holdings Securities Inc. Invests $900,000 in Uber Technologies, Inc. $UBER

Key Points

• M Holdings Securities Inc. invested approximately $900,000 to acquire 12,355 shares of Uber Technologies, Inc. in the first quarter.
• Uber reported a quarterly revenue of $12.65 billion, surpassing analysts' expectations and marking an 18.2% increase compared to the previous year.
• Institutional investors now hold 80.24% of Uber’s stock, with several funds increasing their stakes significantly in recent quarters.

M Holdings Securities Inc. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,355 shares of the ride-sharing company's stock, valued at approximately $900,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Brighton Jones LLC boosted its stake in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Uber Technologies by 65.0% in the 4th 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. Bank Pictet & Cie Europe AG bought a new position in shares of Uber Technologies in the 4th quarter valued at about $395,000. Jump Financial LLC bought a new position in shares of Uber Technologies in the 4th quarter valued at about $618,000. Finally, GeoWealth Management LLC boosted its stake in shares of Uber Technologies by 8.8% in the 4th quarter. GeoWealth Management LLC now owns 21,704 shares of the ride-sharing company's stock valued at $1,309,000 after purchasing an additional 1,761 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 1.4%

UBER opened at $92.64 on Monday. The company's 50 day moving average is $90.19 and its 200-day moving average is $82.08. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $193.19 billion, a P/E ratio of 15.78, a PEG ratio of 1.06 and a beta of 1.43.

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

Insiders Place Their Bets

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 shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly 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 Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Raymond James Financial raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Roth Capital lifted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Finally, Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $102.82.

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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