Uber Technologies, Inc. $UBER is United American Securities Inc. d b a UAS Asset Management's 6th Largest Position

Key Points

• United American Securities Inc. d b a UAS Asset Management significantly increased its holdings in Uber Technologies, Inc. by 197.2%, making Uber its 6th largest position with a total value of approximately $17.8 million.
• Insider sales included Jill Hazelbaker selling 31,250 shares valued at over $3 million, which led to a 26.53% decrease in her ownership.
• Uber Technologies reported a quarterly earnings growth with an EPS of $0.63, exceeding expectations, and a revenue of $12.65 billion, reflecting an 18.2% increase year-over-year.

United American Securities Inc. d b a UAS Asset Management raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 197.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,220 shares of the ride-sharing company's stock after buying an additional 162,057 shares during the period. Uber Technologies comprises about 4.3% of United American Securities Inc. d b a UAS Asset Management's investment portfolio, making the stock its 6th biggest position. United American Securities Inc. d b a UAS Asset Management's holdings in Uber Technologies were worth $17,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies in the 4th quarter worth $27,000. Kozak & Associates Inc. increased its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the 1st quarter worth $27,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the 1st quarter worth $27,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after buying an additional 299 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated 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 approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,696 shares of company stock valued at $4,632,774. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 3.5%

UBER traded up $3.18 during trading on Monday, hitting $94.17. 18,882,614 shares of the stock traded hands, compared to its average volume of 14,490,310. The firm has a market capitalization of $196.38 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43. 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 has a 50-day moving average of $92.44 and a 200 day moving average of $84.16. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71.

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 for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion during 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 firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. BMO Capital Markets upped their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Sanford C. Bernstein upped their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Finally, Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $103.06.

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.