Public Sector Pension Investment Board Purchases 17,251 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• The Public Sector Pension Investment Board increased its stake in Uber Technologies by 1.6%, now owning over 1.1 million shares valued at approximately $81.3 million.
• Uber Technologies reported a Q2 EPS of $0.63, exceeding forecasts and showing an 18.2% year-over-year revenue growth.
• Several hedge funds have also adjusted their positions in Uber, highlighting strong interest from institutional investors, who collectively own 80.24% of the company's stock.

Public Sector Pension Investment Board boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,115,841 shares of the ride-sharing company's stock after acquiring an additional 17,251 shares during the quarter. Public Sector Pension Investment Board owned about 0.05% of Uber Technologies worth $81,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares during the last quarter. Capital Research Global Investors grew its holdings in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Capital World Investors lifted its position in Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Northern Trust Corp lifted its position in shares of Uber Technologies by 9.0% during the 4th quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock valued at $1,117,158,000 after acquiring an additional 1,528,168 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock valued at $995,801,000 after purchasing an additional 394,157 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Up 1.3%

Shares of UBER traded up $1.18 during trading hours on Tuesday, reaching $91.76. The stock had a trading volume of 12,507,148 shares, compared to its average volume of 19,278,046. The company has a market cap of $191.36 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.04 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The firm has a 50-day moving average of $89.77 and a 200 day moving average of $81.47.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UBER shares. Wedbush lowered their target price on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Roth Capital raised their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus boosted their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Sanford C. Bernstein boosted their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada boosted their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Eleven equities 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 stock. Based on data from MarketBeat.com, the stock currently 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 Uber Technologies stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.