Raiffeisen Bank International AG Acquires 147,531 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Raiffeisen Bank International AG increased its stake in Uber Technologies by **23.3%**, totaling **$56.83 million** in holdings after adding 147,531 shares.
• Uber Technologies recently received positive feedback from analysts, with Banks like **Bank of America** and **Goldman Sachs** raising their target prices to **$115.00** and **$110.00**, both maintaining "buy" ratings.
• During the latest quarter, Uber reported an earnings per share of **$0.83**, exceeding expectations, with revenue of **$11.53 billion**, marking a **13.8%** year-over-year increase.

Raiffeisen Bank International AG increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 23.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 781,181 shares of the ride-sharing company's stock after purchasing an additional 147,531 shares during the quarter. Raiffeisen Bank International AG's holdings in Uber Technologies were worth $56,831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UBER. Capital Research Global Investors lifted its holdings in Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after buying an additional 6,254,898 shares during the last quarter. Toyota Motor Corp purchased a new stake in Uber Technologies during the 4th quarter worth about $309,192,000. Jericho Capital Asset Management L.P. purchased a new stake in Uber Technologies during the 4th quarter worth about $298,644,000. Finally, Capital World Investors lifted its holdings in shares of Uber Technologies by 10.1% in the 4th 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 last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UBER has been the subject of several research reports. Sanford C. Bernstein boosted their target price on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Wedbush reissued a "neutral" rating and issued a $85.00 target price on shares of Uber Technologies in a report on Friday. Raymond James Financial downgraded Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company upped their price objective on Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Ten analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $100.71.

Uber Technologies Trading Up 1.9%

UBER traded up $1.65 during trading on Monday, reaching $88.56. 15,068,075 shares of the company's stock were exchanged, compared to its average volume of 17,033,008. Uber Technologies, Inc. has a one year low of $54.84 and a one year 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. The stock has a market capitalization of $185.20 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.43. The firm has a fifty day moving average price of $89.12 and a two-hundred day moving average price of $80.47.

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

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's 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 owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider 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. 3.70% of the stock is owned by 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.