Smartleaf Asset Management LLC Acquires 4,976 Shares of Uber Technologies, Inc. $UBER

Key Points

• Smartleaf Asset Management LLC raised its stake in Uber Technologies, Inc. by 53.0%, acquiring an additional 4,976 shares, bringing its total holdings to 14,356 shares valued at approximately $1,044,000.
• Several institutional investors have recently increased their positions in Uber, with 80.24% of the company's stock owned by institutional investors.
• Analysts have adjusted their price targets for Uber Technologies, with Raymond James and Needham & Company increasing their targets to $105.00 and $109.00, respectively, reflecting a consensus rating of "Moderate Buy".

Smartleaf Asset Management LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 53.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,356 shares of the ride-sharing company's stock after buying an additional 4,976 shares during the period. Smartleaf Asset Management LLC's holdings in Uber Technologies were worth $1,044,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UBER. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $27,000. Kozak & Associates Inc. raised its stake in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new position in Uber Technologies during the first quarter worth $27,000. Vision Financial Markets LLC bought a new position in Uber Technologies during the first quarter worth $27,000. Finally, GPS Wealth Strategies Group LLC raised its stake in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after buying an additional 299 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

UBER has been the topic of a number of research analyst reports. Raymond James Financial increased their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. Needham & Company LLC increased their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, July 14th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, DA Davidson boosted their target price on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Stock Up 2.6%

Uber Technologies stock opened at $96.7020 on Friday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The firm has a market capitalization of $201.66 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43. The firm's fifty day moving average price is $91.08 and its two-hundred day moving average price is $82.93. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last released 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. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period last year, the firm earned $0.47 earnings per share. The business's quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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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