Motley Fool Asset Management LLC Grows Stake in Uber Technologies, Inc. (NYSE:UBER)

Motley Fool Asset Management LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 97,173 shares of the ride-sharing company’s stock after acquiring an additional 1,475 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Uber Technologies were worth $7,080,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies in the 1st quarter valued at about $27,000. Kozak & Associates Inc. grew its stake in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 223 shares during the last quarter. Vision Financial Markets LLC purchased a new position in Uber Technologies during the 1st quarter worth approximately $27,000. GPS Wealth Strategies Group LLC grew its stake in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co grew its stake in Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on UBER shares. Citigroup raised their price target on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Wells Fargo & Company dropped their price target on Uber Technologies from $120.00 to $119.00 and set an “overweight” rating on the stock in a research note on Thursday. Needham & Company LLC lifted their target price on Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Piper Sandler lifted their target price on Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Barclays lifted their target price on Uber Technologies from $97.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday. Eleven equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $102.82.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company’s stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $89.64 on Monday. The stock has a 50-day moving average price of $89.44 and a two-hundred day moving average price of $81.25. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $187.45 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the previous year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current 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.