Uber Technologies, Inc. $UBER Shares Purchased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd significantly increased its holdings in Uber Technologies by 430.5%, owning 8,568 shares valued at $624,000 as of its recent SEC filing.
• Analysts have raised their price targets for Uber, with BMO Capital Markets setting a new target of $113.00 and a consensus rating of "Moderate Buy" reflecting strong investor interest.
• Uber's recent quarterly earnings report revealed a net margin of 26.68% and an EPS of $0.63, exceeding analyst expectations and indicating strong revenue growth of 18.2% year-over-year.

Bayforest Capital Ltd increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 430.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,568 shares of the ride-sharing company's stock after purchasing an additional 6,953 shares during the quarter. Bayforest Capital Ltd's holdings in Uber Technologies were worth $624,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SCS Capital Management LLC acquired a new stake in Uber Technologies during the 1st quarter worth approximately $466,000. Wilson & Boucher Capital Management LLC acquired a new stake in Uber Technologies during the 1st quarter worth approximately $230,000. Woodline Partners LP grew its position in Uber Technologies by 3,952.9% in the first quarter. Woodline Partners LP now owns 581,435 shares of the ride-sharing company's stock valued at $42,363,000 after acquiring an additional 567,089 shares in the last quarter. Empowered Funds LLC grew its position in Uber Technologies by 22.6% in the first quarter. Empowered Funds LLC now owns 70,979 shares of the ride-sharing company's stock valued at $5,172,000 after acquiring an additional 13,102 shares in the last quarter. Finally, Peloton Wealth Strategists acquired a new stake in Uber Technologies in the first quarter valued at approximately $2,318,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on UBER shares. BMO Capital Markets increased their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Piper Sandler increased their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. KeyCorp increased their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. increased 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $103.06.

Uber Technologies Price Performance

Shares of UBER opened at $94.17 on Tuesday. The firm has a market capitalization of $196.38 billion, a price-to-earnings 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 quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The stock's fifty day moving average is $92.44 and its 200-day moving average is $84.16.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period last year, the company posted $0.47 EPS. The business's quarterly revenue was up 18.2% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, 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 in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total value of $296,875.00. Following the sale, the insider owned 170,269 shares of the company's stock, valued at $16,175,555. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,696 shares of company stock valued at $4,632,774. 3.70% of the stock is owned by 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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