Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. raised its position in Uber Technologies, Inc. (NYSE:UBER) by 3,515.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 103,040 shares of the ride-sharing company’s stock after buying an additional 100,190 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Uber Technologies were worth $7,507,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in UBER. Vanguard Group Inc. grew its position 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 valued at $10,903,846,000 after purchasing an additional 2,364,525 shares during the last quarter. Capital Research Global Investors raised its stake in Uber Technologies by 79.0% during 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 period. Geode Capital Management LLC boosted its holdings in 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 valued at $2,621,929,000 after acquiring an additional 1,061,088 shares during the last quarter. Capital World Investors increased its position in Uber Technologies by 10.1% during the 4th 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 in the last quarter. Finally, Norges Bank purchased a new position in shares of Uber Technologies in the 4th quarter valued at $1,467,754,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock worth $3,441,071. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UBER. JPMorgan Chase & Co. upped their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, May 20th. Arete Research upgraded Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Barclays increased their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.39.

Uber Technologies Price Performance

NYSE UBER opened at $83.81 on Friday. The company has a market cap of $175.26 billion, a P/E ratio of 18.38, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a fifty day simple moving average of $82.19 and a 200 day simple moving average of $73.97. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced 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. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. Uber Technologies’s revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.