OMERS ADMINISTRATION Corp Purchases 28,518 Shares of Uber Technologies, Inc. $UBER

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Uber Technologies by 15.9%, purchasing an additional 28,518 shares, bringing its total holdings to 207,763 shares valued at approximately $15.14 million.
• Several institutional investors have made significant adjustments to their Uber holdings, with 80.24% of the stock now owned by institutional investors.
• Uber Technologies reported earnings of $0.63 per share for the latest quarter, exceeding expectations and showing an 18.2% year-over-year increase in revenue.

OMERS ADMINISTRATION Corp boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 207,763 shares of the ride-sharing company's stock after purchasing an additional 28,518 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Uber Technologies were worth $15,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies in the first quarter worth $27,000. Kozak & Associates Inc. grew its position in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies in the 1st quarter worth $27,000. GPS Wealth Strategies Group LLC raised its stake in shares of Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after buying an additional 299 shares during the period. Finally, Perkins Coie Trust Co raised its stake in 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 acquiring an additional 306 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

UBER opened at $95.44 on Thursday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $199.02 billion, a PE ratio of 16.26, a P/E/G ratio of 1.11 and a beta of 1.43. The firm has a 50 day moving average of $91.76 and a two-hundred day moving average of $83.35.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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 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 business's revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein upped their price objective on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. KeyCorp upped their price objective on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Loop Capital restated a "buy" rating and issued a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. BMO Capital Markets upped their price objective on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Bank of America raised their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. One equities 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 data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $102.82.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,571 shares of company stock worth $4,335,899 over the last three months. 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.

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