Uber Technologies, Inc. $UBER Shares Acquired by Czech National Bank

Key Points

• The Czech National Bank has increased its stake in Uber Technologies, Inc. by 6.5%, bringing its total holdings to 510,932 shares valued at approximately $47.67 million.
• Multiple major analysts have raised their price targets for Uber, with Royal Bank of Canada increasing its target from $94 to $100 and several others also issuing "outperform" ratings.
• Uber reported a quarterly earnings per share of $0.63, surpassing analyst expectations by $0.02, and showing an 18.2% increase in revenue year-over-year to $12.65 billion.

Czech National Bank increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 510,932 shares of the ride-sharing company's stock after acquiring an additional 31,119 shares during the period. Czech National Bank's holdings in Uber Technologies were worth $47,670,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Sandy Cove Advisors LLC acquired a new stake in shares of Uber Technologies in the second quarter worth approximately $200,000. Sandbox Financial Partners LLC boosted its position in shares of Uber Technologies by 6.8% in the second quarter. Sandbox Financial Partners LLC now owns 3,437 shares of the ride-sharing company's stock worth $321,000 after acquiring an additional 219 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Uber Technologies by 4.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 26,935 shares of the ride-sharing company's stock valued at $2,513,000 after buying an additional 1,047 shares during the period. Range Financial Group LLC purchased a new position in Uber Technologies in the second quarter valued at approximately $587,000. Finally, Little House Capital LLC purchased a new position in Uber Technologies in the second quarter valued at approximately $200,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on UBER. Royal Bank Of Canada raised their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Sanford C. Bernstein raised their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Uber Technologies Trading Up 3.0%

UBER opened at $98.79 on Tuesday. The firm has a market capitalization of $206.02 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.10 and a beta of 1.43. The firm's 50 day moving average is $92.66 and its 200-day moving average is $84.87. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $98.86. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share 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 business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the company earned $0.47 earnings per share. The business's quarterly revenue was up 18.2% compared to the same quarter last year. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the completion of the transaction, the insider directly owned 170,269 shares of the company's stock, valued at approximately $16,175,555. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,696 shares of company stock worth $4,632,774 over the last three months. 3.70% of the stock is owned by corporate insiders.

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.

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