Atala Financial Inc Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Atala Financial Inc grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 373.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,268 shares of the ride-sharing company’s stock after purchasing an additional 1,000 shares during the quarter. Atala Financial Inc’s holdings in Uber Technologies were worth $92,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital Research Global Investors raised its position in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Norges Bank purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $1,467,754,000. Boston Partners purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $381,057,000. Toyota Motor Corp acquired a new position in Uber Technologies in the 4th quarter worth about $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $298,644,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Down 0.8%

Shares of NYSE UBER opened at $90.88 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $84.48 and its two-hundred day moving average is $74.83. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The firm has a market cap of $190.05 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.17 and a beta of 1.38.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) EPS. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UBER. Wells Fargo & Company increased their target price on Uber Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 7th. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. TD Cowen reduced their price target on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Raymond James Financial cut Uber Technologies from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, June 18th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.18.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares of the company’s stock, valued at $1,790,355. The trade was a 11.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

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.