UniSuper Management Pty Ltd Grows Holdings in Uber Technologies, Inc. $UBER

Key Points

• UniSuper Management Pty Ltd increased its holdings in Uber Technologies, Inc. by 36.3% during the 1st quarter, owning 720,754 shares valued at $52.51 million.
• Several other institutional investors also significantly adjusted their positions, with United American Securities increasing its stake by 197.2% during the same period.
• Analysts have mixed views on Uber, with target price upgrades from firms like Raymond James and Sanford C. Bernstein, while Canaccord Genuity lowered its price target.

UniSuper Management Pty Ltd boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 36.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 720,754 shares of the ride-sharing company's stock after acquiring an additional 191,783 shares during the period. UniSuper Management Pty Ltd's holdings in Uber Technologies were worth $52,514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies during the 4th quarter worth approximately $27,000. Kozak & Associates Inc. lifted its holdings in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new position in Uber Technologies in the 1st quarter worth approximately $27,000. Vision Financial Markets LLC bought a new position in Uber Technologies in the 1st quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC boosted 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 purchasing an additional 299 shares during the period. Institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on 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 completion of the transaction, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,696 shares of company stock valued at $4,632,774 over the last quarter. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on UBER shares. Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 price target (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Bank of America upped their price target on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Susquehanna upped their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company upped their price target on Uber Technologies from $119.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $3.18 during midday trading on Monday, reaching $94.17. 18,882,614 shares of the stock traded hands, compared to its average volume of 14,490,310. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $196.38 billion, a PE ratio of 16.04, a P/E/G ratio of 1.04 and a beta of 1.43. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The company's 50 day moving average is $92.44 and its 200 day moving average is $84.16.

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

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.