International Assets Investment Management LLC Has $810,000 Holdings in Uber Technologies, Inc. (NYSE:UBER)

International Assets Investment Management LLC grew its position in Uber Technologies, Inc. (NYSE:UBER) by 12.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,123 shares of the ride-sharing company’s stock after acquiring an additional 1,252 shares during the period. International Assets Investment Management LLC’s holdings in Uber Technologies were worth $810,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Capital Research Global Investors raised its stake in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares during the last quarter. Norges Bank acquired a new stake in Uber Technologies in the fourth quarter valued at $1,467,754,000. Boston Partners acquired a new stake in Uber Technologies in the fourth quarter valued at $381,057,000. Toyota Motor Corp bought a new position in Uber Technologies during the 4th quarter worth $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in Uber Technologies during the 4th quarter worth about $298,644,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $90.88 on Thursday. 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 firm has a fifty day simple moving average of $84.48 and a two-hundred day simple moving average of $74.83. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The firm has a market capitalization of $190.05 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UBER. Truist Financial increased their price target on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Wells Fargo & Company increased their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Royal Bank Of Canada restated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. JPMorgan Chase & Co. upped their price objective on shares of Uber Technologies from $92.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, May 20th. Finally, Stifel Nicolaus initiated coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They set a “buy” rating and a $110.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.18.

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.