Uber Technologies, Inc. $UBER Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,355,842 shares of the ride-sharing company's stock after buying an additional 397,359 shares during the period. Dimensional Fund Advisors LP owned approximately 0.16% of Uber Technologies worth $244,504,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Azimuth Capital Investment Management LLC bought a new position in Uber Technologies in the 1st quarter valued at $9,767,000. KLCM Advisors Inc. bought a new position in Uber Technologies in the 1st quarter valued at $293,000. Certuity LLC grew its position in Uber Technologies by 968.9% in the 1st quarter. Certuity LLC now owns 72,705 shares of the ride-sharing company's stock valued at $5,297,000 after acquiring an additional 65,903 shares during the last quarter. Inspire Trust Co. N.A. grew its position in Uber Technologies by 10.6% in the 1st quarter. Inspire Trust Co. N.A. now owns 52,000 shares of the ride-sharing company's stock valued at $3,789,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in shares of Uber Technologies by 493.2% in the first quarter. Vestmark Advisory Solutions Inc. now owns 90,634 shares of the ride-sharing company's stock valued at $6,604,000 after purchasing an additional 75,354 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $1.29 during trading on Monday, hitting $93.89. The stock had a trading volume of 16,455,027 shares, compared to its average volume of 18,903,182. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The stock has a market capitalization of $195.80 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.06 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. The stock has a 50-day simple moving average of $90.33 and a two-hundred day simple moving average of $82.27.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $12.45 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's 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 of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UBER. BMO Capital Markets boosted their price target on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Bank of America increased their price target on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Wells Fargo & Company dropped their price target on Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Finally, Susquehanna increased their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.