10,586 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Advisor Resource Council

Advisor Resource Council purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,586 shares of the ride-sharing company's stock, valued at approximately $771,000.

A number of other large investors also recently bought and sold shares of the stock. L.M. Kohn & Company raised its stake in shares of Uber Technologies by 20.8% during the 1st quarter. L.M. Kohn & Company now owns 16,183 shares of the ride-sharing company's stock worth $1,179,000 after buying an additional 2,792 shares during the period. Spirit of America Management Corp NY acquired a new position in shares of Uber Technologies during the 1st quarter worth approximately $109,000. Proathlete Wealth Management LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth approximately $109,000. ORG Partners LLC raised its stake in shares of Uber Technologies by 525.6% during the 1st quarter. ORG Partners LLC now owns 4,304 shares of the ride-sharing company's stock worth $314,000 after buying an additional 3,616 shares during the period. Finally, Investment Research & Advisory Group Inc. raised its stake in shares of Uber Technologies by 0.5% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 57,638 shares of the ride-sharing company's stock worth $4,200,000 after buying an additional 278 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 0.3%

Shares of NYSE:UBER opened at $83.73 on Friday. The business has a 50-day moving average price of $83.53 and a 200 day moving average price of $74.41. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $175.09 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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 return on equity of 66.46% and a net margin of 27.07%. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the company earned ($0.32) EPS. The company's quarterly revenue was up 13.8% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UBER. The Goldman Sachs Group boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. KeyCorp boosted their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Barclays boosted their price target on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Finally, KGI Securities reiterated a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.39.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was 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 now directly owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company 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.

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