Maxi Investments CY Ltd Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Maxi Investments CY Ltd increased its stake in Uber Technologies by 30.6% during the first quarter, owning 132,064 shares valued at approximately $9.62 million.
• Insider transactions include CFO Prashanth Mahendra-Rajah selling 2,750 shares, while Jill Hazelbaker sold 34,884 shares, indicating notable shifts in insider ownership.
• Analysts have raised their price targets for Uber, with estimates now ranging from $84.00 to $120.00 and a consensus average price target of $100.71.

Maxi Investments CY Ltd raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 30.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,064 shares of the ride-sharing company's stock after purchasing an additional 30,960 shares during the quarter. Uber Technologies comprises 1.9% of Maxi Investments CY Ltd's holdings, making the stock its 13th biggest position. Maxi Investments CY Ltd's holdings in Uber Technologies were worth $9,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Navalign LLC increased its holdings in Uber Technologies by 0.5% in the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after buying an additional 126 shares in the last quarter. Grove Bank & Trust increased its stake in shares of Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after purchasing an additional 133 shares in the last quarter. Forum Financial Management LP raised its holdings in Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after purchasing an additional 136 shares during the period. CBIZ Investment Advisory Services LLC boosted its position in Uber Technologies by 42.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after purchasing an additional 138 shares in the last quarter. Finally, Amplius Wealth Advisors LLC grew its holdings in Uber Technologies by 3.6% in the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock valued at $302,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the subject of several research analyst reports. UBS Group upped their target price on Uber Technologies from $107.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Barclays upped their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Ten analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $100.71.

Uber Technologies Trading Up 0.0%

NYSE:UBER traded up $0.00 on Wednesday, reaching $89.39. The company's stock had a trading volume of 40,090,980 shares, compared to its average volume of 16,562,547. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The stock has a 50 day moving average price of $89.17 and a 200 day moving average price of $80.74. The firm has a market cap of $186.93 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm 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 company earned $0.47 EPS. The company's quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 completion of the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

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.