Physicians Financial Services Inc. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Physicians Financial Services Inc. invested approximately $485,000 to acquire 6,659 shares in Uber Technologies, Inc. during the first quarter.
• Major investment shifts included Capital Research Global Investors increasing its stake in Uber by 79%, now owning over 118 million shares valued at over $7 billion.
• Uber's stock has received several price target upgrades, with Wells Fargo raising it to $120 and UBS raising it to $107, reflecting strong analyst confidence in the company.

Physicians Financial Services Inc. bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,659 shares of the ride-sharing company's stock, valued at approximately $485,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew 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 valued at $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Geode Capital Management LLC grew its position in Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after acquiring an additional 1,061,088 shares during the period. Capital World Investors grew its position in 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 acquiring an additional 2,792,039 shares during the period. Northern Trust Corp grew its position in 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 acquiring an additional 1,528,168 shares during the period. Finally, Schroder Investment Management Group grew its position in Uber Technologies by 13.4% during the fourth quarter. Schroder Investment Management Group now owns 7,272,915 shares of the ride-sharing company's stock valued at $438,702,000 after acquiring an additional 860,257 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group upped their target price on Uber Technologies from $107.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday. Roth Capital upped their target price on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group upped their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. KeyCorp upped 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, Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $100.71.

Uber Technologies Stock Performance

UBER stock traded down $3.41 on Tuesday, reaching $87.19. The company's stock had a trading volume of 24,941,633 shares, compared to its average volume of 15,250,838. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.71. The company has a market capitalization of $182.33 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.04 and a beta of 1.40. The firm has a fifty day moving average of $89.25 and a two-hundred day moving average of $79.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the company posted ($0.32) EPS. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on 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 transaction, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock valued at $3,496,071. 3.70% of the stock is currently owned by corporate insiders.

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.