Parkwood LLC Buys 40,049 Shares of Uber Technologies, Inc. $UBER

Key Points

• Parkwood LLC has increased its stake in Uber Technologies by 17.6%, now holding 267,108 shares worth approximately $19.46 million.
• Several analysts have raised their price targets for Uber, with UBS setting a new target of $117, indicating a "buy" rating for the stock.
• Uber reported earnings of $0.63 per share for the last quarter, exceeding expectations, alongside a revenue of $12.65 billion, which is an 18.2% year-over-year increase.

Parkwood LLC increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 17.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,108 shares of the ride-sharing company's stock after purchasing an additional 40,049 shares during the quarter. Uber Technologies makes up 1.8% of Parkwood LLC's portfolio, making the stock its 20th biggest position. Parkwood LLC's holdings in Uber Technologies were worth $19,462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Uber Technologies by 3.2% in 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 during the period. Pershing Square Capital Management L.P. acquired a new position in shares of Uber Technologies during the 1st quarter worth about $2,207,743,000. Northern Trust Corp grew its position in shares of Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company's stock worth $1,401,873,000 after buying an additional 720,122 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Uber Technologies by 3.0% during the 1st 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 period. Finally, Boston Partners grew its position in shares of Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after buying an additional 2,749,456 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UBER shares. UBS Group boosted their target price on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Royal Bank Of Canada boosted their target price on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Stifel Nicolaus boosted their target price on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. KeyCorp boosted their target price on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, Wedbush decreased their target price on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Uber Technologies Stock Down 1.2%

Shares of UBER traded down $1.09 on Friday, hitting $90.89. The company's stock had a trading volume of 20,364,649 shares, compared to its average volume of 14,490,310. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm's fifty day moving average price is $92.42 and its 200-day moving average price is $84.05. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The firm has a market capitalization of $189.54 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.04 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the previous year, the firm earned $0.47 EPS. Uber Technologies's quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business'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 in the company, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,696 shares of company stock worth $4,632,774. 3.70% of the stock is currently owned by 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.