Penserra Capital Management LLC Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Penserra Capital Management LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,351 shares of the ride-sharing company's stock after buying an additional 20,895 shares during the quarter. Penserra Capital Management LLC's holdings in Uber Technologies were worth $7,018,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Traveka Wealth LLC purchased a new position in shares of Uber Technologies during the first quarter worth $251,000. Cloud Capital Management LLC purchased a new stake in Uber Technologies in the 1st quarter worth approximately $45,000. Whelan Financial purchased a new stake in Uber Technologies in the 1st quarter worth approximately $389,000. Concurrent Investment Advisors LLC grew its stake in shares of Uber Technologies by 45.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 96,491 shares of the ride-sharing company's stock worth $7,030,000 after purchasing an additional 30,207 shares during the period. Finally, Simmons Bank purchased a new position in shares of Uber Technologies during the 1st quarter valued at approximately $2,806,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 3.2%

NYSE:UBER traded up $3.04 on Monday, hitting $96.67. The stock had a trading volume of 29,774,053 shares, compared to its average volume of 21,181,864. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.09. The stock has a market cap of $202.15 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.19 and a beta of 1.40. The company has a fifty day moving average price of $86.90 and a two-hundred day moving average price of $76.53. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% on a year-over-year basis. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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 dated Monday, May 5th. The shares were 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 in the company, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred 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 approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on UBER shares. Loop Capital restated a "buy" rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Stifel Nicolaus started coverage on shares of Uber Technologies in a research note on Wednesday, June 11th. They set a "buy" rating and a $110.00 target price on the stock. Bank of America lifted their price target on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Thirteen research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $95.44.

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.