Motco Buys 121,344 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Motco increased its stake in Uber Technologies, Inc. by 24,268.8% in Q1, now owning 121,844 shares valued at approximately $8.88 million.
• Institutional investors collectively own 80.24% of Uber's stock, with notable increases in positions from firms like Brighton Jones LLC and Revolve Wealth Partners LLC.
• Recent earnings reports show Uber's EPS of $0.83 beating expectations, with revenues of $11.53 billion, reflecting a 13.8% year-over-year increase.

Motco increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 24,268.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,844 shares of the ride-sharing company's stock after acquiring an additional 121,344 shares during the period. Motco's holdings in Uber Technologies were worth $8,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $395,000. Ausdal Financial Partners Inc. boosted its position in shares of Uber Technologies by 29.4% during the fourth quarter. Ausdal Financial Partners Inc. now owns 9,426 shares of the ride-sharing company's stock valued at $569,000 after buying an additional 2,143 shares during the period. Finally, WINTON GROUP Ltd raised its stake in shares of Uber Technologies by 58.9% during the fourth quarter. WINTON GROUP Ltd now owns 42,143 shares of the ride-sharing company's stock valued at $2,542,000 after acquiring an additional 15,614 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock valued at $3,496,071 in the last three months. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $91.31 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $190.94 billion, a P/E ratio of 15.99, a PEG ratio of 1.05 and a beta of 1.40. The company has a 50 day moving average price of $89.29 and a 200 day moving average price of $79.51. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter last year, the company posted ($0.32) EPS. The firm's revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UBER. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Roth Capital boosted their price objective 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. UBS Group boosted their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Ten analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $100.26.

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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