Allen Investment Management LLC Has $386.46 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Allen Investment Management LLC increased its position in Uber Technologies by 2.8% in Q1, making it their 9th largest investment, with 5,304,178 shares valued at approximately $386.5 million.
• Recently, multiple institutional investors significantly increased their stakes in Uber, contributing to a total of 80.24% of the company's stock being owned by such entities.
• Analysts have varied opinions on Uber's stock, with a consensus rating of "Moderate Buy" and an average price target of $100.26 based on recent research reports.

Allen Investment Management LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,304,178 shares of the ride-sharing company's stock after acquiring an additional 142,559 shares during the quarter. Uber Technologies makes up 4.5% of Allen Investment Management LLC's portfolio, making the stock its 9th biggest position. Allen Investment Management LLC owned 0.25% of Uber Technologies worth $386,462,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Clark Capital Management Group Inc. increased its holdings in Uber Technologies by 11,354.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after buying an additional 399,008 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $1,875,000. Finally, APG Asset Management N.V. bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $84,687,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 0.5%

Shares of NYSE UBER traded up $0.44 during mid-day trading on Friday, reaching $91.31. The company had a trading volume of 13,845,668 shares, compared to its average volume of 16,021,651. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.71. 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 stock has a market capitalization of $190.94 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. The stock's 50 day moving average is $89.29 and its 200-day moving average is $79.61.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the business posted ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on UBER. Needham & Company LLC upped their target price on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. DA Davidson upped their target price on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Wells Fargo & Company upped their target price on Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, The Goldman Sachs Group upped their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $100.26.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock worth $3,496,071 over the last three months. Company insiders own 3.84% 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.