Pettyjohn Wood & White Inc. Acquires 10,355 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Pettyjohn Wood & White Inc. increased its holdings in Uber Technologies, acquiring an additional 10,355 shares during the first quarter, bringing its total stake to 21,140 shares valued at approximately $1.54 million.
• Multiple analysts have raised their price targets for Uber Technologies, with Barclays increasing its target to $97.00 and several others giving the stock a consensus rating of "Moderate Buy."
• In insider trading news, CFO Prashanth Mahendra-Rajah sold 2,750 shares at an average price of $95.00, reducing his ownership of the stock by 11.12%.

Pettyjohn Wood & White Inc. increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 96.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,140 shares of the ride-sharing company's stock after acquiring an additional 10,355 shares during the quarter. Pettyjohn Wood & White Inc.'s holdings in Uber Technologies were worth $1,540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Research Global Investors increased its position in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Capital World Investors increased its position in shares of Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Northern Trust Corp increased its position in shares of Uber Technologies by 9.0% during the fourth quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock valued at $1,117,158,000 after purchasing an additional 1,528,168 shares during the period. Pacer Advisors Inc. increased its position in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after purchasing an additional 6,254,898 shares during the period. Finally, Allen Investment Management LLC increased its position in shares of Uber Technologies by 2.8% during the first quarter. Allen Investment Management LLC now owns 5,304,178 shares of the ride-sharing company's stock valued at $386,462,000 after purchasing an additional 142,559 shares during the period. Institutional investors own 80.24% of the company's stock.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock worth $3,496,071 in the last three months. Insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 0.9%

Uber Technologies stock traded down $0.77 during mid-day trading on Friday, hitting $86.98. The stock had a trading volume of 15,719,480 shares, compared to its average volume of 16,246,386. The stock has a 50-day simple moving average of $89.12 and a two-hundred day simple moving average of $80.29. The stock has a market capitalization of $181.89 billion, a PE ratio of 15.23, a P/E/G ratio of 1.01 and a beta of 1.43. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.71. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.32) earnings per share. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the topic of a number of research reports. TD Cowen lowered their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Bank of America boosted their price objective on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Canaccord Genuity Group restated a "hold" rating and set a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Finally, UBS Group upped their price target on Uber Technologies from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $100.71.

About Uber Technologies

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.