Northern Trust Corp Has $1.40 Billion Holdings in Uber Technologies, Inc. $UBER

Key Points

• Northern Trust Corp increased its stake in Uber Technologies by 3.9%, owning approximately $1.40 billion in shares after purchasing an additional 720,122 shares in the first quarter.
• CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber stock, reducing his position by 11.12%, while insiders collectively own 3.70% of the company.
• Analysts have recently raised their price targets for Uber Technologies, with BMO Capital Markets setting a new target of $113.00 and a consensus price target overall of $102.82.

Northern Trust Corp raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,240,638 shares of the ride-sharing company's stock after purchasing an additional 720,122 shares during the quarter. Northern Trust Corp owned 0.92% of Uber Technologies worth $1,401,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of UBER. Transce3nd LLC bought a new position in Uber Technologies during the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Kozak & Associates Inc. raised its holdings in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the first quarter valued at about $27,000. Finally, Vision Financial Markets LLC purchased a new position in Uber Technologies during the first quarter worth about $27,000. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other news, 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 value 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 $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by insiders.

Uber Technologies Stock Performance

Shares of UBER stock opened at $92.64 on Monday. The firm has a market capitalization of $193.19 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.06 and a beta of 1.43. The stock has a fifty day moving average of $90.19 and a 200 day moving average of $82.08. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The company has a quick ratio of 1.11, a current 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 for the quarter, beating 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 previous year, the firm posted $0.47 EPS. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Cowen reissued a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Royal Bank Of Canada lifted their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Needham & Company LLC upped their price target on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Raymond James Financial lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Eleven 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's stock. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $102.82.

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.

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