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Blodgett Wealth Advisors LLC Invests $1.04 Million in Uber Technologies, Inc. (NYSE:UBER)

Uber Technologies logo with Computer and Technology background

Blodgett Wealth Advisors LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,220 shares of the ride-sharing company's stock, valued at approximately $1,036,000. Uber Technologies comprises about 0.9% of Blodgett Wealth Advisors LLC's investment portfolio, making the stock its 20th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in shares of Uber Technologies during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies during the fourth quarter valued at about $27,000. Kozak & Associates Inc. raised its holdings in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies in the 1st quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $28,000. Institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on 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 shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. KeyCorp raised their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Loop Capital reissued a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.39.

Read Our Latest Research Report on UBER

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $1.34 during midday trading on Wednesday, reaching $83.43. The company had a trading volume of 25,342,928 shares, compared to its average volume of 20,780,697. 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 stock has a fifty day simple moving average of $82.83 and a 200 day simple moving average of $74.17. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a market capitalization of $174.46 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.32) earnings per share. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on 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 now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction 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 directly owns 21,063 shares of the company's stock, 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. In the last three months, insiders have sold 40,384 shares of company stock worth $3,441,071. Company insiders own 3.70% of the company's stock.

Uber Technologies Profile

(Free Report)

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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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