Nepsis Inc. Invests $20.25 Million in Uber Technologies, Inc. (NYSE:UBER)

Nepsis Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 277,932 shares of the ride-sharing company’s stock, valued at approximately $20,250,000. Uber Technologies accounts for 5.0% of Nepsis Inc.’s portfolio, making the stock its 7th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP raised its holdings in Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after purchasing an additional 1,663 shares in the last quarter. Clark Capital Management Group Inc. raised its position in 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 buying an additional 399,008 shares during the last quarter. MFG Wealth Management Inc. acquired a new stake in Uber Technologies in the fourth quarter valued at about $1,997,000. TigerOak Management L.L.C. purchased a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $1,278,000. Finally, Americana Partners LLC grew its stake in shares of Uber Technologies by 1,408.2% during the 4th quarter. Americana Partners LLC now owns 78,157 shares of the ride-sharing company’s stock worth $4,714,000 after purchasing an additional 72,975 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on UBER shares. KGI Securities reissued a “neutral” rating and set a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. Citigroup raised their price target on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their price target on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Barclays increased their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, TD Cowen cut their target price on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $93.91.

Uber Technologies Stock Performance

Shares of UBER opened at $87.19 on Tuesday. The firm has a market cap of $182.33 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 0.89 and a beta of 1.38. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $80.63 and its two-hundred day moving average is $73.62. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business earned ($0.32) EPS. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was 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 directly owns 114,241 shares in the company, 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 have sold 83,788 shares of company stock worth $6,517,070 over the last quarter. 3.84% of the stock is owned by corporate insiders.

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.