Rathbones Group PLC Has $80.80 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Rathbones Group PLC increased its holdings in Uber Technologies by 39.2% in Q1, acquiring 312,499 additional shares, bringing its total to over 1.1 million shares valued at approximately $80.8 million.
• Several institutional investors significantly boosted their positions in Uber, with Capital Research Global Investors increasing its holdings by 79.0% and Pacer Advisors Inc. by an astounding 2,571.2% during recent quarters.
• Analysts raised their price targets on Uber stock, with Needham & Company setting a new target of $109.00, reflecting bullish sentiment with many analysts rating the stock as a buy.

Rathbones Group PLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 39.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,108,995 shares of the ride-sharing company's stock after buying an additional 312,499 shares during the period. Rathbones Group PLC owned 0.05% of Uber Technologies worth $80,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Navalign LLC increased its holdings in Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after purchasing an additional 126 shares in the last quarter. Grove Bank & Trust increased its holdings in Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after purchasing an additional 133 shares in the last quarter. Forum Financial Management LP increased its holdings in Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock valued at $798,000 after purchasing an additional 136 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after purchasing an additional 138 shares in the last quarter. Finally, Amplius Wealth Advisors LLC increased its holdings in Uber Technologies by 3.6% in the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock valued at $302,000 after purchasing an additional 145 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of UBER traded up $1.18 during mid-day trading on Tuesday, hitting $91.76. 12,507,148 shares of the company traded hands, compared to its average volume of 19,278,046. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $89.77 and a 200 day moving average of $81.47. The stock has a market capitalization of $191.36 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.04 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same period last year, the firm earned $0.47 earnings per share. The business's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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 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. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on UBER shares. Loop Capital reiterated a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Barclays restated an "overweight" rating and set a $110.00 target price (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Citigroup raised their target price 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, Bank of America raised their target price on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $102.82.

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.