Triglav Skladi D.O.O. Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Triglav Skladi D.O.O. has increased its stake in Uber Technologies, Inc. by 112.8% in the first quarter, acquiring a total of 116,950 shares valued at $8,521,000.
• Major investors such as Capital Research Global Investors and Pacer Advisors Inc. have significantly increased their stakes in Uber, indicating strong institutional interest in the company.
• Uber Technologies reported a Q2 EPS of $0.63, surpassing expectations, with a revenue growth of 18.2% year-over-year, reinforcing its positive financial outlook.

Triglav Skladi D.O.O. increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 112.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,950 shares of the ride-sharing company's stock after buying an additional 62,000 shares during the period. Triglav Skladi D.O.O.'s holdings in Uber Technologies were worth $8,521,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after purchasing an additional 6,254,898 shares during the period. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the period. Toyota Motor Corp purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $298,644,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Up 1.3%

Uber Technologies stock opened at $91.76 on Wednesday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The firm has a market capitalization of $191.36 billion, a PE ratio of 15.63, a PEG ratio of 1.04 and a beta of 1.43. The business's 50-day simple moving average is $89.77 and its 200-day simple moving average is $81.47. 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 (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the company earned $0.47 EPS. Uber Technologies's revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UBER shares. Needham & Company LLC upped their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Loop Capital restated a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Cowen restated a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Citigroup upped their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley restated an "overweight" rating and set a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Eleven research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on 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 $2,087,625. This represents a 11.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company's stock.

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.

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