Farmers & Merchants Investments Inc. Purchases 4,017 Shares of Uber Technologies, Inc. $UBER

Key Points

• Farmers & Merchants Investments Inc. increased its stake in Uber Technologies by 3.9%, owning 107,057 shares worth nearly $10 million as of the last quarter.
• Insiders, including CFO Prashanth Mahendra-Rajah and CEO Dara Khosrowshahi, have recently sold significant portions of their shares, reducing their positions by 10.88% and 20.94%, respectively.
• Uber Technologies reported strong quarterly earnings, with a revenue of $12.65 billion and earnings per share of $0.63, exceeding analysts' expectations.

Farmers & Merchants Investments Inc. raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 107,057 shares of the ride-sharing company's stock after purchasing an additional 4,017 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in Uber Technologies were worth $9,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UBER. Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new position in Uber Technologies during the first quarter worth $27,000. Vision Financial Markets LLC acquired a new position in Uber Technologies during the 1st quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC increased its position 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 purchasing an additional 299 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.97 during midday trading on Monday, hitting $99.48. The company had a trading volume of 29,803,408 shares, compared to its average volume of 17,522,252. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The firm has a market capitalization of $207.47 billion, a price-to-earnings ratio of 16.95 and a beta of 1.43. The business has a 50-day simple moving average of $92.74 and a two-hundred day simple moving average of $85.61. 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 announced its 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 the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In related news, insider Tony West sold 3,125 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $93.94, for a total transaction of $293,562.50. Following the completion of the transaction, the insider directly owned 171,558 shares in the company, valued at $16,116,158.52. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the sale, the chief executive officer owned 1,132,544 shares of the company's stock, valued at approximately $108,010,721.28. The trade was a 20.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 354,571 shares of company stock valued at $33,810,741. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. UBS Group raised their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Piper Sandler raised their target price on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Bank of America lifted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Raymond James Financial upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Finally, Susquehanna lifted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. One equities research 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $103.06.

About Uber Technologies

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.