Watchman Group Inc. Takes $3.32 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Watchman Group Inc. has acquired a new stake in Uber Technologies, purchasing 45,509 shares valued at approximately $3.32 million.
• Uber’s CFO, Prashanth Mahendra-Rajah, sold 2,750 shares of the company’s stock, reducing his position by 11.12% after the sale.
• The company's latest financial report shows an EPS of $0.63, exceeding expectations, with revenue increasing by 18.2% compared to the previous year.

Watchman Group Inc. acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,509 shares of the ride-sharing company's stock, valued at approximately $3,316,000.

Other large investors have also recently made changes to their positions in the company. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the fourth quarter valued at $27,000. Kozak & Associates Inc. boosted its holdings in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in Uber Technologies in the first quarter valued at $27,000. Finally, Vision Financial Markets LLC purchased a new stake in Uber Technologies in the first quarter valued at $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's 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 directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $91.44 on Friday. 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, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The stock has a market capitalization of $190.69 billion, a PE ratio of 15.58, a P/E/G ratio of 1.04 and a beta of 1.43. The firm has a 50 day moving average of $90.05 and a two-hundred day moving average of $81.69.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on UBER shares. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Stifel Nicolaus upped their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Wells Fargo & Company lowered their price target on shares of Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $102.82.

Uber Technologies 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.

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