Monetary Management Group Inc. Has $1.03 Million Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Monetary Management Group Inc. increased its stake in Uber Technologies by 35.6%, now holding 14,115 shares valued at approximately $1,028,000.
• Uber Technologies reported a quarterly earnings per share of $0.63, exceeding analysts' expectations, alongside a revenue increase of 18.2% year-over-year.
• Institutional investors own 80.24% of Uber's stock, highlighting strong interest from larger investment entities.

Monetary Management Group Inc. grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 35.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,115 shares of the ride-sharing company's stock after buying an additional 3,705 shares during the quarter. Monetary Management Group Inc.'s holdings in Uber Technologies were worth $1,028,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. Kozak & Associates Inc. increased its stake in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. GPS Wealth Strategies Group LLC increased its stake in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co increased its stake in shares of Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 306 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $2.4720 on Friday, reaching $96.7020. 15,568,337 shares of the company's stock were exchanged, compared to its average volume of 18,899,732. The company has a fifty day moving average of $91.08 and a 200-day moving average of $82.93. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71. The company has a market capitalization of $201.66 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.11 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.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results 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 net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business's revenue was up 18.2% compared to the same quarter last year. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UBER shares. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Susquehanna upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Finally, Barclays reissued an "overweight" rating and issued a $110.00 price target (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $102.82.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. Corporate 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.