Sava Infond d.o.o. Acquires 7,430 Shares of Uber Technologies, Inc. $UBER

Key Points

• Sava Infond d.o.o. increased its holdings in Uber Technologies by 21.9%, acquiring an additional 7,430 shares, totaling 41,290 shares valued at approximately $3.85 million.
• Uber reported a quarterly EPS of $0.63, surpassing expectations and achieving an 18.2% revenue increase compared to last year.
• Analysts are optimistic, with a consensus rating of "Moderate Buy" and an average price target of $104.03 for Uber’s stock.

Sava Infond d.o.o. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,290 shares of the ride-sharing company's stock after acquiring an additional 7,430 shares during the period. Sava Infond d.o.o.'s holdings in Uber Technologies were worth $3,852,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Kozak & Associates Inc. lifted its stake in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new stake in Uber Technologies in the first quarter worth about $27,000. Vision Financial Markets LLC bought a new stake in Uber Technologies in the first quarter worth about $27,000. West Oak Capital LLC bought a new stake in Uber Technologies in the second quarter worth about $28,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $96.53 on Friday. The firm has a market cap of $201.30 billion, a PE ratio of 16.44 and a beta of 1.48. The firm's 50 day simple moving average is $93.93 and its 200-day simple moving average is $87.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies's revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares of the company's stock, valued at $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,571 shares of company stock valued at $58,920,741 over the last quarter. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UBER has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Friday. UBS Group raised their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. KeyCorp raised their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Bank of America raised their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Sanford C. Bernstein raised their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.03.

Uber Technologies Company 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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.