S Bank Fund Management Ltd Buys Shares of 11,304 Uber Technologies, Inc. (NYSE:UBER)

Key Points

• S Bank Fund Management Ltd has acquired 11,304 shares of Uber Technologies, Inc., valued at approximately $824,000, during the first quarter.
• Uber reported a net income of $0.63 EPS for the last quarter, exceeding estimates and showing an 18.2% year-over-year revenue growth to $12.65 billion.
• Insider trading revealed that CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber stock, decreasing his ownership by 11.12%.

S Bank Fund Management Ltd acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,304 shares of the ride-sharing company's stock, valued at approximately $824,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Transce3nd LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the 4th quarter valued at about $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $91.76 on Wednesday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The stock has a market cap of $191.36 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.04 and a beta of 1.43. The stock's 50 day moving average price is $89.77 and its 200 day moving average price is $81.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The firm's revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly 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 legal filing with the SEC, which can be accessed through this link. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday. The Goldman Sachs Group boosted 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. Barclays restated an "overweight" rating and issued a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. BMO Capital Markets upped their price target on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Canaccord Genuity Group restated a "hold" rating and issued a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Eleven analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $102.82.

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.

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