Mendel Money Management Takes $2.14 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Mendel Money Management bought a new position 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 bought 29,396 shares of the ride-sharing company's stock, valued at approximately $2,142,000.

A number of other hedge funds have also added to or reduced their stakes in UBER. Capital Research Global Investors increased its stake 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 acquiring an additional 52,125,476 shares during the last quarter. Norges Bank purchased a new position in shares of Uber Technologies during the fourth quarter worth about $1,467,754,000. Toyota Motor Corp bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $309,192,000. Jericho Capital Asset Management L.P. purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $298,644,000. Finally, Capital World Investors raised its stake in Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on UBER. Roth Capital boosted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. KeyCorp upped their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. The Goldman Sachs Group raised their price target 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 lifted their price target on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Ten analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.26.

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 value of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The stock was 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 directly owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Up 0.5%

UBER stock traded up $0.44 during trading on Friday, reaching $91.31. The company had a trading volume of 13,845,668 shares, compared to its average volume of 16,021,651. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.71. The business has a 50 day moving average of $89.30 and a 200 day moving average of $79.34. The company has a market cap of $190.94 billion, a P/E ratio of 15.91, a PEG ratio of 1.05 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company earned ($0.32) EPS. The business's revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies 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.