RD Finance Ltd Buys New Shares in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• RD Finance Ltd invested approximately $2.15 million in Uber Technologies, purchasing 29,499 shares, making it the 14th largest holding in their investment portfolio.
• Several institutional investors increased their stakes in Uber, with Geneos Wealth Management Inc. raising its ownership by 869.1%, holding 109,933 shares valued at $8.15 million.
• Wall Street analysts have a positive outlook on Uber, with 29 analysts rating it as a buy while raising price targets significantly, including Bank of America's increase from $97 to $115.

RD Finance Ltd acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,499 shares of the ride-sharing company's stock, valued at approximately $2,149,000. Uber Technologies comprises 1.7% of RD Finance Ltd's holdings, making the stock its 14th largest position.

A number of other institutional investors have also modified their holdings of the company. Capital Research Global Investors grew its stake 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 buying an additional 52,125,476 shares during the period. Geode Capital Management LLC grew its stake 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 worth $2,621,929,000 after buying an additional 1,061,088 shares during the period. Capital World Investors grew its stake 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 worth $1,831,021,000 after buying an additional 2,792,039 shares during the period. Northern Trust Corp grew its stake 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 worth $1,117,158,000 after buying an additional 1,528,168 shares during the period. Finally, Pacer Advisors Inc. grew its stake in 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 worth $473,456,000 after buying an additional 6,254,898 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $3.41 during midday trading on Tuesday, reaching $87.19. 24,941,633 shares of the company traded hands, compared to its average volume of 15,250,838. 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, Inc. has a 12 month low of $54.84 and a 12 month high of $97.71. The firm has a market capitalization of $182.33 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.04 and a beta of 1.40. The firm's fifty day moving average price is $89.16 and its two-hundred day moving average price is $79.94.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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 return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the company earned ($0.32) EPS. The company's quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's 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 completion of the transaction, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value 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 $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock valued at $3,496,071 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

UBER has been the subject of several analyst reports. UBS Group upped their target price on shares of Uber Technologies from $107.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. DA Davidson upped their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Sanford C. Bernstein upped their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $100.71.

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.