RD Finance Ltd Takes Position in Uber Technologies, Inc. (NYSE:UBER)

RD Finance Ltd purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 29,499 shares of the ride-sharing company’s stock, valued at approximately $2,149,000. Uber Technologies makes up 1.7% of RD Finance Ltd’s investment portfolio, making the stock its 14th biggest position.

Several other large investors have also recently made changes to their positions in UBER. Brighton Jones LLC increased its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $395,000. Orion Portfolio Solutions LLC grew its holdings in Uber Technologies by 14.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 45,198 shares of the ride-sharing company’s stock valued at $2,726,000 after buying an additional 5,563 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in Uber Technologies by 20.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 4,369 shares of the ride-sharing company’s stock valued at $264,000 after buying an additional 756 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Wedbush cut Uber Technologies from an “outperform” rating to a “neutral” rating and upped their target price for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Wells Fargo & Company upped their target price on Uber Technologies from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, July 7th. TD Cowen dropped their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $106.00 target price (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Ten research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.26.

Uber Technologies Price Performance

UBER stock opened at $90.56 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $189.38 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.05 and a beta of 1.40. The business’s 50-day moving average is $89.25 and its two-hundred day moving average is $79.89. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.71.

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

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,384 shares of company stock worth $3,496,071. Company insiders own 3.84% of the company’s stock.

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.