IFM Investors Pty Ltd Has $33.70 Million Stake in Uber Technologies, Inc. $UBER

Key Points

• IFM Investors Pty Ltd increased its stake in Uber Technologies by 4.3%, now owning 361,229 shares worth approximately $33.7 million.
• Uber Technologies posted quarterly earnings of $0.63 per share, surpassing analyst expectations and showing an 18.2% increase in revenue compared to the same quarter last year.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Uber, with a target price averaging $103.06.

IFM Investors Pty Ltd lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,229 shares of the ride-sharing company's stock after acquiring an additional 14,818 shares during the period. IFM Investors Pty Ltd's holdings in Uber Technologies were worth $33,703,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the first quarter valued at approximately $27,000. Kozak & Associates Inc. boosted its position in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the 1st quarter worth $27,000. GPS Wealth Strategies Group LLC raised its stake in 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 acquiring an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co raised its stake in shares of Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 4.2%

Shares of UBER traded up $3.98 during midday trading on Friday, hitting $98.68. The company had a trading volume of 38,703,086 shares, compared to its average volume of 16,364,744. 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, Inc. has a 52 week low of $59.33 and a 52 week high of $99.70. The company's 50 day moving average price is $92.63 and its 200 day moving average price is $85.32. The stock has a market cap of $205.79 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.09 and a beta of 1.43.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Royal Bank Of Canada increased their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Sanford C. Bernstein increased their target price 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. Finally, Piper Sandler raised their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.06.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the sale, the insider directly owned 170,269 shares of the company's stock, valued at $16,175,555. This represents a 1.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 354,571 shares of company stock worth $33,810,741 over the last quarter. 3.84% of the stock is currently owned by corporate insiders.

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.