National Pension Service Acquires 363,270 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• The National Pension Service increased its investment in Uber Technologies by 9.4% during Q1, owning over 4.2 million shares valued at about $307 million.
• Several significant investors, including Regal Partners Ltd and SHEPHERD WEALTH MANAGEMENT, made substantial increases in their holdings, with Regal Partners boosting its stake by almost 1,964%.
• Uber reported a quarterly earnings per share of $0.63, exceeding the consensus estimate, with revenue up 18.2% year-over-year.

National Pension Service raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,219,086 shares of the ride-sharing company's stock after buying an additional 363,270 shares during the period. National Pension Service owned 0.20% of Uber Technologies worth $307,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Capital World Investors raised its stake in shares of Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after buying an additional 2,792,039 shares during the last quarter. Northern Trust Corp raised its stake in shares of Uber Technologies by 9.0% during the fourth quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock worth $1,117,158,000 after buying an additional 1,528,168 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Uber Technologies by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock worth $995,801,000 after buying an additional 394,157 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

UBER stock traded down $0.76 during trading hours on Wednesday, reaching $90.97. The stock had a trading volume of 16,849,796 shares, compared to its average volume of 18,980,150. The stock has a market capitalization of $189.71 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50-day simple moving average of $89.92 and a 200 day simple moving average of $81.54. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly 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. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. KeyCorp boosted their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Citigroup boosted their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Barclays reissued an "overweight" rating and set a $110.00 price target (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Finally, Piper Sandler boosted their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $102.82.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.84% of the stock is currently owned by corporate insiders.

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.