Baader Bank Aktiengesellschaft Acquires 14,929 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Uber Technologies by 26.4% during the first quarter, holding 71,521 shares valued at approximately $5 million.
• Meanwhile, several large investors, including Wellington Shields & Co. LLC and Arkadios Wealth Advisors, significantly raised their positions in Uber, reflecting growing institutional interest.
• Uber Technologies' stock has seen a recent 3.8% decline, with its current market cap at $182.33 billion and a 12-month trading range between $54.84 and $97.71.

Baader Bank Aktiengesellschaft increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 26.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,521 shares of the ride-sharing company's stock after acquiring an additional 14,929 shares during the period. Baader Bank Aktiengesellschaft's holdings in Uber Technologies were worth $5,098,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UBER. Transce3nd LLC bought a new stake in Uber Technologies during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at about $27,000. Kozak & Associates Inc. grew its stake in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the period. Noble Wealth Management PBC purchased a new stake in Uber Technologies in the 1st quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC raised its stake in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on UBER shares. UBS Group raised their price objective on shares of Uber Technologies from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday. Piper Sandler raised their price target on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Needham & Company LLC set a $109.00 price objective on Uber Technologies and gave the company a "buy" rating in a research report on Monday, July 14th. TD Cowen lowered their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, DA Davidson boosted their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $100.71.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock valued at $3,496,071 over the last three months. Insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 0.6%

NYSE UBER traded up $0.49 during trading on Wednesday, hitting $87.60. The stock had a trading volume of 16,800,396 shares, compared to its average volume of 15,642,950. 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 $183.19 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.00 and a beta of 1.40. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.71. The stock has a 50 day simple moving average of $89.16 and a 200 day simple moving average of $79.94.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm 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. The company's revenue for the quarter was up 13.8% on a year-over-year basis. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.