Stratos Investment Management LLC Acquires 77,970 Shares of Uber Technologies, Inc. (NYSE:UBER)

Stratos Investment Management LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 140.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,329 shares of the ride-sharing company’s stock after purchasing an additional 77,970 shares during the quarter. Stratos Investment Management LLC’s holdings in Uber Technologies were worth $9,714,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock worth $10,903,846,000 after purchasing an additional 2,364,525 shares during the last quarter. Capital Research Global Investors grew 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 worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Uber Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the last quarter. Capital World Investors grew its stake in shares of Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company’s stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Uber Technologies in the fourth quarter worth $1,467,754,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer owned 21,063 shares of the company’s stock, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider directly owned 102,135 shares in the company, 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. 3.70% of the stock is owned by company insiders.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $96.67 on Tuesday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.34. The stock has a market cap of $202.15 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50-day simple moving average is $87.27 and its 200 day simple moving average is $76.78.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UBER. Raymond James Financial downgraded Uber Technologies from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price target on Uber Technologies from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, May 20th. Wedbush downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Finally, DA Davidson increased their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $95.44.

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.