Saxon Interests Inc. Purchases Shares of 3,068 Uber Technologies, Inc. (NYSE:UBER)

Saxon Interests Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,068 shares of the ride-sharing company's stock, valued at approximately $224,000.

A number of other institutional investors have also recently modified their holdings of the business. Capital Research Global Investors lifted its holdings 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 purchasing an additional 52,125,476 shares in the last quarter. Norges Bank acquired a new position in shares of Uber Technologies during the 4th quarter worth about $1,467,754,000. Boston Partners purchased a new position in Uber Technologies in the 4th quarter valued at about $381,057,000. Toyota Motor Corp purchased a new position in Uber Technologies in the 4th quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Uber Technologies in the 4th quarter worth about $298,644,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer directly owned 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Raymond James Financial cut Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price target for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Wells Fargo & Company boosted their price objective on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group raised their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, TD Cowen dropped their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $94.85.

Uber Technologies Stock Down 1.2%

Shares of UBER traded down $1.08 during midday trading on Tuesday, hitting $92.22. The company had a trading volume of 17,112,957 shares, compared to its average volume of 21,060,351. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $94.38. The firm has a market capitalization of $192.85 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company's 50-day simple moving average is $85.56 and its 200-day simple moving average is $75.63.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $11.61 billion. During the same quarter last year, the company earned ($0.32) earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.