iSAM Funds UK Ltd Takes $427,000 Position in Uber Technologies, Inc. (NYSE:UBER)

iSAM Funds UK Ltd purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,074 shares of the ride-sharing company’s stock, valued at approximately $427,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Capital Research Global Investors increased its stake 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 valued at $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Norges Bank acquired a new stake in Uber Technologies in the 4th quarter valued at about $1,467,754,000. Jennison Associates LLC raised its stake in shares of Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Boston Partners acquired a new position in shares of Uber Technologies during the fourth quarter worth approximately $381,057,000. Finally, Toyota Motor Corp bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $309,192,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Evercore ISI decreased their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. KeyCorp lifted their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. KGI Securities restated a “neutral” rating and set a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.09.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,788 shares of company stock worth $6,517,070. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 0.7%

Shares of NYSE:UBER opened at $91.84 on Wednesday. The firm has a market cap of $192.05 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The company’s fifty day simple moving average is $77.21 and its 200 day simple moving average is $72.21. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.