Select Equity Group L.P. Buys New Stake in Uber Technologies, Inc. $UBER

Select Equity Group L.P. purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 127,622 shares of the ride-sharing company's stock, valued at approximately $9,299,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% in the first 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 in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies in the first quarter valued at $27,000. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies in the first quarter valued at $27,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of 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 valued at $29,000 after purchasing an additional 299 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,696 shares of company stock worth $4,632,774 in the last three months. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Trading Down 1.2%

Uber Technologies stock opened at $90.89 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $189.54 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.04 and a beta of 1.43. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The company's fifty day moving average price is $92.42 and its two-hundred day moving average price is $84.05.

Uber Technologies (NYSE:UBER - Get Free Report) last issued 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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the subject of a number of research analyst reports. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. KeyCorp increased their target price on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Barclays restated an "overweight" rating and issued a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 price target (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $103.06.

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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