Callan Family Office LLC Increases Position in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Callan Family Office LLC increased its stake in Uber Technologies by 46%, owning 25,490 shares valued at approximately $1.86 million after acquiring an additional 8,034 shares in the first quarter.
• UBER's recent earnings report showed a net profit margin of 26.68% and a revenue increase of 18.2% year-over-year, with EPS of $0.63 exceeding analyst expectations.
• Wall Street analysts have varied ratings on Uber, with an average price target of $102.82, where twenty-nine analysts recommended a buy rating, and eleven issued hold ratings.

Callan Family Office LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 46.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,490 shares of the ride-sharing company's stock after acquiring an additional 8,034 shares during the period. Callan Family Office LLC's holdings in Uber Technologies were worth $1,857,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Navalign LLC grew its position in shares of Uber Technologies by 0.5% in the fourth 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 during the period. Grove Bank & Trust grew its position in shares of Uber Technologies by 0.9% in the first 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 during the period. Forum Financial Management LP grew its position in shares of Uber Technologies by 1.3% in the first 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 during the period. CBIZ Investment Advisory Services LLC grew its position in shares of Uber Technologies by 42.1% in the first 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 during the period. Finally, Amplius Wealth Advisors LLC grew its position in shares of Uber Technologies by 3.6% in the first 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 during the period. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

UBER has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Morgan Stanley restated an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Bank of America boosted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. KeyCorp boosted their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, Roth Capital boosted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Stock Down 0.8%

UBER traded down $0.76 during trading hours on Wednesday, hitting $90.97. 16,849,796 shares of the company's stock were exchanged, compared to its average volume of 18,980,150. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The firm has a 50 day moving average of $89.92 and a 200 day moving average of $81.54. The firm has a market cap of $189.71 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $12.45 billion. During the same period in the prior year, the firm earned $0.47 EPS. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. Analysts predict 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.