Partners Capital Investment Group LLP Makes New $223,000 Investment in Uber Technologies, Inc. $UBER

Key Points

• Partners Capital Investment Group LLP made a new investment of approximately $223,000 in Uber Technologies, acquiring 3,063 shares in the first quarter.
• Uber's latest earnings report showed a profit of $0.63 per share, surpassing expectations, with revenue rising 18.2% year-over-year to $12.65 billion.
• Various analysts have increased their price targets for Uber, with Goldman Sachs raising its target from <$96.00> to $110.00 and maintaining a "buy" rating.

Partners Capital Investment Group LLP purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,063 shares of the ride-sharing company's stock, valued at approximately $223,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new position in shares of Uber Technologies in the 4th quarter worth $395,000. Jump Financial LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth $618,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Uber Technologies by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,958,483 shares of the ride-sharing company's stock valued at $178,460,000 after acquiring an additional 87,036 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $94.21 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 company's fifty day moving average price is $90.82 and its two-hundred day moving average price is $82.62. The firm has a market capitalization of $196.47 billion, a P/E ratio of 16.05, a P/E/G ratio of 1.08 and a beta of 1.43. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71.

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 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 company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the firm earned $0.47 earnings per share. The company's revenue was up 18.2% on a year-over-year basis. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UBER shares. The Goldman Sachs Group upped their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Roth Capital increased their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. BMO Capital Markets raised their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Bank of America lifted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, UBS Group increased their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $102.82.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at approximately $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. Corporate insiders own 3.84% of the company's stock.

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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