Lbp Am Sa Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Lbp Am Sa lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,211,730 shares of the ride-sharing company’s stock after purchasing an additional 97,823 shares during the period. Uber Technologies comprises approximately 1.4% of Lbp Am Sa’s portfolio, making the stock its 14th largest position. Lbp Am Sa owned approximately 0.06% of Uber Technologies worth $88,287,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of UBER. Clark Capital Management Group Inc. increased its stake in shares of Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock worth $24,280,000 after purchasing an additional 399,008 shares in the last quarter. UMB Bank n.a. grew its stake in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock worth $890,000 after acquiring an additional 3,073 shares during the period. Revolve Wealth Partners LLC grew its stake in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the period. Mufg Securities Americas Inc. purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $1,875,000. Finally, APG Asset Management N.V. acquired a new stake in shares of Uber Technologies during the 4th quarter worth $84,687,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

UBER stock opened at $97.52 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $203.93 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 1.23 and a beta of 1.40. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.90. The firm has a 50 day moving average of $87.63 and a two-hundred day moving average of $76.92.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping 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 business had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the company earned ($0.32) earnings per share. Uber Technologies’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction 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 completion of the transaction, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer owned 21,063 shares of the company’s stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UBER. UBS Group upped their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Cantor Fitzgerald restated an “overweight” rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the stock a “buy” rating in a report on Friday, May 23rd. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research note on Thursday, May 15th. Finally, Bank of America raised their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday. Thirteen 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.97.

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.