Seven Mile Advisory Makes New Investment in Uber Technologies, Inc. $UBER

Key Points

• Seven Mile Advisory has acquired a new stake in Uber Technologies, Inc., purchasing 2,919 shares valued at approximately $213,000 during the 1st quarter.
• Uber's recent quarterly earnings reported $0.63 EPS, surpassing analysts' expectations of $0.61, with revenue increasing to $12.65 billion during the same period.
• Institutional investors own 80.24% of Uber, indicating strong interest in the company's stock, while various analysts have set target prices ranging from $100.00 to $117.00.

Seven Mile Advisory acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,919 shares of the ride-sharing company's stock, valued at approximately $213,000.

A number of other large investors have also added to or reduced their stakes in the company. Corient IA LLC bought a new stake in Uber Technologies in the 1st quarter worth approximately $364,000. Cambiar Investors LLC increased its position in shares of Uber Technologies by 2.6% during the 1st quarter. Cambiar Investors LLC now owns 969,545 shares of the ride-sharing company's stock valued at $70,641,000 after purchasing an additional 24,636 shares during the last quarter. Intrepid Financial Planning Group LLC bought a new position in shares of Uber Technologies during the 1st quarter valued at approximately $225,000. Tyler Stone Wealth Management increased its position in shares of Uber Technologies by 18.0% during the 1st quarter. Tyler Stone Wealth Management now owns 47,835 shares of the ride-sharing company's stock valued at $3,485,000 after purchasing an additional 7,304 shares during the last quarter. Finally, Philadelphia Trust Co. bought a new position in shares of Uber Technologies during the 1st quarter valued at approximately $17,283,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock traded up $1.29 during mid-day trading on Monday, reaching $93.89. The stock had a trading volume of 16,455,027 shares, compared to its average volume of 18,903,182. The business's fifty day moving average is $90.33 and its 200-day moving average is $82.27. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market cap of $195.80 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 1.06 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71.

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

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UBER shares. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Barclays reissued an "overweight" rating and set a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, Bank of America upped their price objective on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $102.82.

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.