KMG Fiduciary Partners LLC Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

KMG Fiduciary Partners LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 59.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,318 shares of the ride-sharing company’s stock after buying an additional 12,433 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Uber Technologies were worth $2,428,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UBER. Capital Research Global Investors raised its position in 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 purchasing an additional 52,125,476 shares during the period. Norges Bank purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $1,467,754,000. Boston Partners purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $381,057,000. Toyota Motor Corp purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $298,644,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $85.60 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. 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 $179.00 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The business’s fifty day moving average price is $80.38 and its 200 day moving average price is $73.49.

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

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock worth $6,517,070 over the last 90 days. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of a number of research analyst reports. Wedbush lowered Uber Technologies from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. Citigroup boosted their target price on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, May 15th. Finally, Bank of America boosted their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.91.

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.