OMNI 360 Wealth Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,771 shares of the ride-sharing company's stock, valued at approximately $202,000.
A number of other institutional investors also recently bought and sold shares of the business. Capital Research Global Investors increased its position in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $1,467,754,000. Boston Partners purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $381,057,000. Toyota Motor Corp purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in shares of Uber Technologies during the fourth quarter worth $298,644,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Stock Down 1.0%
Shares of UBER traded down $0.96 during trading hours on Wednesday, reaching $96.52. The company's stock had a trading volume of 14,837,383 shares, compared to its average volume of 21,209,925. The firm has a market cap of $201.84 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.23 and a beta of 1.40. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $87.63 and a two-hundred day moving average of $76.92. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.90.
Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the business posted ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.
Analysts Set New Price Targets
UBER has been the subject of a number of analyst reports. Canaccord Genuity Group restated a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Loop Capital reissued a "buy" rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Cantor Fitzgerald reissued an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Finally, JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $95.97.
Check Out Our Latest Analysis on UBER
Insider Buying and Selling
In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer directly owned 21,063 shares of the company's stock, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.
Uber Technologies Company Profile
(
Free Report)
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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