Versor Investments LP Has $1.49 Million Position in Uber Technologies, Inc. $UBER

Key Points

• Versor Investments LP increased its stake in Uber Technologies by 197.1% in the first quarter, owning 20,500 shares valued at approximately $1.49 million.
• Uber reported a quarterly earnings per share of $0.63, surpassing analysts' expectations and achieving revenue of $12.65 billion.
• Recent analyst reports have boosted price targets for Uber, with ratings ranging from "buy" to "overweight", reflecting a consensus rating of "Moderate Buy."

Versor Investments LP raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 197.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,500 shares of the ride-sharing company's stock after buying an additional 13,600 shares during the quarter. Versor Investments LP's holdings in Uber Technologies were worth $1,494,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Toyota Motor Corp acquired a new position in shares of Uber Technologies in the fourth quarter valued at $309,192,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Uber Technologies in the fourth quarter valued at $298,644,000. Finally, Boston Partners raised its stake in shares of Uber Technologies by 43.8% in the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after purchasing an additional 2,749,456 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Susquehanna upped their price target on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. KeyCorp upped their price target on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Barclays reiterated an "overweight" rating and issued a $110.00 price target (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. 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. Finally, 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. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Uber Technologies Trading Up 1.4%

NYSE:UBER traded up $1.29 during mid-day trading on Monday, hitting $93.89. The company had a trading volume of 16,455,027 shares, compared to its average volume of 18,903,182. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The business's fifty day moving average is $90.33 and its two-hundred day moving average is $82.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $195.80 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.06 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released 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. 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 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 company's quarterly revenue was up 18.2% on a year-over-year basis. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

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.