United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 65,699 shares of the ride-sharing company's stock, valued at approximately $4,787,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position 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 buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in Uber Technologies in the 4th quarter valued at $395,000. Nicolet Advisory Services LLC grew its stake in Uber Technologies by 12.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 6,385 shares of the ride-sharing company's stock valued at $421,000 after acquiring an additional 725 shares during the period. Finally, World Investment Advisors increased its holdings in Uber Technologies by 76.9% in the 4th quarter. World Investment Advisors now owns 20,824 shares of the ride-sharing company's stock worth $1,256,000 after acquiring an additional 9,051 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.
Insiders Place Their Bets
In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was 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 of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,384 shares of company stock worth $3,496,071. 3.84% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Needham & Company LLC boosted their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Barclays lifted their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their target price on shares of Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.71.
Read Our Latest Stock Report on UBER
Uber Technologies Stock Down 0.9%
Shares of NYSE:UBER opened at $86.98 on Friday. The firm has a 50 day simple moving average of $89.12 and a 200-day simple moving average of $80.29. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.71. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $181.89 billion, a PE ratio of 15.23, a P/E/G ratio of 1.01 and a beta of 1.43.
Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.32) EPS. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.
Uber Technologies Company Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

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