IFM Investors Pty Ltd Grows Position in Uber Technologies, Inc. $UBER

IFM Investors Pty Ltd raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 346,411 shares of the ride-sharing company’s stock after buying an additional 3,843 shares during the quarter. IFM Investors Pty Ltd’s holdings in Uber Technologies were worth $25,240,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Blue Rock Wealth Management LLC grew its holdings in shares of Uber Technologies by 9.3% during the first quarter. Blue Rock Wealth Management LLC now owns 5,900 shares of the ride-sharing company’s stock worth $430,000 after buying an additional 500 shares in the last quarter. Fortis Capital Advisors LLC purchased a new stake in shares of Uber Technologies during the first quarter worth $628,000. Belpointe Asset Management LLC grew its holdings in shares of Uber Technologies by 415.9% during the first quarter. Belpointe Asset Management LLC now owns 37,256 shares of the ride-sharing company’s stock worth $2,714,000 after buying an additional 30,034 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Uber Technologies by 113.1% during the 1st quarter. Focus Partners Wealth now owns 651,331 shares of the ride-sharing company’s stock valued at $47,450,000 after acquiring an additional 345,724 shares during the last quarter. Finally, Integrity Alliance LLC. acquired a new position in shares of Uber Technologies during the 1st quarter valued at about $413,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 1.1%

NYSE UBER opened at $95.40 on Wednesday. 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 $198.95 billion, a P/E ratio of 16.25, a PEG ratio of 1.08 and a beta of 1.43. The firm’s 50-day moving average is $92.50 and its two-hundred day moving average is $84.24. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71.

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

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction dated 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 sale, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock valued at $4,632,774 over the last three months. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Wedbush lowered their price target on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Loop Capital reissued a “buy” rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Sanford C. Bernstein boosted their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.06.

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.