Northwestern Mutual Wealth Management Co. Purchases 469,750 Shares of Uber Technologies, Inc. $UBER

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in Uber Technologies by 140.7%, acquiring an additional 469,750 shares during the first quarter, bringing its total to 803,704 shares valued at approximately $58.56 million.
• Other institutional investors have also significantly adjusted their positions, with Pacer Advisors Inc. raising its stake by 2,571.2%, now owning 6,498,167 shares valued at $473.46 million.
• Analysts have varied ratings on Uber's stock, with one Strong Buy, twenty-nine Buy, and ten Hold ratings, resulting in an average rating of Moderate Buy and a consensus price target of $102.82.

Northwestern Mutual Wealth Management Co. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 140.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 803,704 shares of the ride-sharing company's stock after buying an additional 469,750 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Uber Technologies were worth $58,558,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in UBER. Pacer Advisors Inc. raised its position in shares of Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. 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 valued at $13,590,287,000 after buying an additional 5,759,353 shares during the last quarter. Toyota Motor Corp purchased a new stake in shares of Uber Technologies during the fourth quarter valued at about $309,192,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Uber Technologies during the fourth quarter valued at about $298,644,000. Finally, Boston Partners lifted its position in shares of Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after buying an additional 2,749,456 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on UBER shares. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Cowen reissued a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. UBS Group raised their price objective on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Tigress Financial set a $110.00 price objective on Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $102.82.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The shares were 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 in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction 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 of the company's stock, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

NYSE UBER opened at $96.7020 on Friday. 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's fifty day moving average price is $91.08 and its 200 day moving average price is $82.93. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The company has a market cap of $201.66 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.11 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm's revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.

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