Mather Group LLC. Purchases 3,086 Shares of Uber Technologies, Inc. $UBER

Key Points

• Mather Group LLC increased its stake in Uber Technologies by 44.7%, purchasing an additional 3,086 shares, bringing its total holdings to 9,995 shares worth approximately $933,000.
• Uber Technologies reported a net margin of 26.68% and a year-over-year revenue increase of 18.2%, with earnings per share beating estimates at $0.63.
• Institutional investors own 80.24% of Uber's stock, highlighting significant institutional interest in the company.

Mather Group LLC. lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 44.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,995 shares of the ride-sharing company's stock after buying an additional 3,086 shares during the period. Mather Group LLC.'s holdings in Uber Technologies were worth $933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UBER. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter worth approximately $27,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the first quarter worth approximately $27,000. West Oak Capital LLC bought a new position in Uber Technologies during the second quarter valued at approximately $28,000. Finally, GPS Wealth Strategies Group LLC lifted its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares during the period. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 0.2%

Shares of UBER stock opened at $97.60 on Friday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The stock has a market cap of $203.55 billion, a P/E ratio of 16.63 and a beta of 1.43. 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 50 day simple moving average of $93.13 and a two-hundred day simple moving average of $85.95.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wedbush lowered their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Needham & Company LLC increased their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Susquehanna increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer directly owned 22,528 shares of the company's stock, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 604,571 shares of company stock valued at $58,920,741. Company insiders own 3.84% of the company's stock.

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.

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.