First Dallas Securities Inc. Acquires 6,697 Shares of Uber Technologies, Inc. $UBER

Key Points

• First Dallas Securities Inc. increased its holdings in Uber Technologies by 8.4%, now owning 86,397 shares worth approximately $6.3 million, making it their 7th largest position.
• Several other institutional investors have also raised their stakes in Uber, with a total of 80.24% of the company's shares now held by institutional investors and hedge funds.
• Uber reported earnings of $0.63 per share for the last quarter, exceeding estimates, and has a current average price target of $103.06 from various analysts.

First Dallas Securities Inc. lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,397 shares of the ride-sharing company's stock after purchasing an additional 6,697 shares during the quarter. Uber Technologies accounts for 2.6% of First Dallas Securities Inc.'s portfolio, making the stock its 7th largest position. First Dallas Securities Inc.'s holdings in Uber Technologies were worth $6,295,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of UBER. Brighton Jones LLC raised its stake in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in Uber Technologies in the fourth quarter valued at $395,000. Bison Wealth LLC grew its position in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after acquiring an additional 641 shares during the period. Finally, Fiduciary Trust Co grew its position in Uber Technologies by 15.5% in the fourth quarter. Fiduciary Trust Co now owns 5,462 shares of the ride-sharing company's stock valued at $329,000 after acquiring an additional 732 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value 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. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,696 shares of company stock worth $4,632,774. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Trading Up 3.5%

Shares of UBER traded up $3.18 during trading hours on Monday, hitting $94.17. 18,882,614 shares of the stock traded hands, compared to its average volume of 14,490,310. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The firm has a market capitalization of $196.38 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43. The business has a fifty day moving average of $92.44 and a 200-day moving average of $84.16.

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 (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The firm's revenue for the quarter 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 year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Morgan Stanley reiterated an "overweight" rating and issued a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Sanford C. Bernstein upped their price target on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. UBS Group upped their price target on Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Wells Fargo & Company upped their price target on Uber Technologies from $119.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Stifel Nicolaus increased their target price on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $103.06.

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.