Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by LGT Fund Management Co Ltd.

Key Points

• LGT Fund Management Co Ltd. increased its holdings in Uber Technologies by 69.7% in the first quarter, amounting to a total of 82,969 shares worth approximately $6,045,000.
• Uber's CFO, Prashanth Mahendra-Rajah, sold 2,750 shares of the company at an average price of $95.00, reducing his ownership by 11.12%.
• Uber Technologies reported a $0.63 EPS for the last quarter, surpassing expectations and showing a year-over-year revenue increase of 18.2%.

LGT Fund Management Co Ltd. increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 69.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,969 shares of the ride-sharing company's stock after purchasing an additional 34,090 shares during the period. LGT Fund Management Co Ltd.'s holdings in Uber Technologies were worth $6,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of UBER. Transce3nd LLC purchased a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $27,000. Kozak & Associates Inc. raised its holdings in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter valued at $27,000. Finally, Vision Financial Markets LLC purchased a new stake in Uber Technologies in the first quarter valued at $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other 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 transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 target price (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. BMO Capital Markets lifted their price target on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Morgan Stanley restated an "overweight" rating and issued a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, UBS Group lifted their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Eleven research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Price Performance

NYSE UBER traded up $1.18 during trading hours on Tuesday, hitting $91.76. 12,507,148 shares of the company's stock traded hands, compared to its average volume of 19,278,046. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm's 50-day moving average is $89.77 and its 200-day moving average is $81.47. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The company has a market capitalization of $191.36 billion, a PE ratio of 15.63, a PEG ratio of 1.04 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the business earned $0.47 earnings per share. The business's revenue was up 18.2% compared to the same quarter last year. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies Company 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.