Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Aberdeen Group plc

Aberdeen Group plc increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 102.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,728,292 shares of the ride-sharing company's stock after acquiring an additional 875,992 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of Uber Technologies worth $124,195,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Clark Capital Management Group Inc. raised its stake in Uber Technologies by 11,354.8% during 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 in the last quarter. UMB Bank n.a. raised its stake in 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 buying an additional 3,073 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in 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 buying an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $1,875,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Uber Technologies during the first quarter valued at approximately $943,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UBER shares. Loop Capital restated a "buy" rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Susquehanna upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Canaccord Genuity Group restated a "hold" rating and set a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Citigroup upped their price objective on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Sanford C. Bernstein upped their target price on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $102.82.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's 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 completion of the sale, the chief financial officer directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $91.44 on Friday. The stock has a fifty day moving average price of $90.05 and a two-hundred day moving average price of $81.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $190.69 billion, a P/E ratio of 15.58, a PEG ratio of 1.04 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 issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during 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 firm's quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS 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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