26,039 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC acquired a new position in 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 firm acquired 26,039 shares of the ride-sharing company's stock, valued at approximately $1,897,000.

Other large investors also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its position in Uber Technologies by 13.0% in the 1st quarter. Verdence Capital Advisors LLC now owns 7,314 shares of the ride-sharing company's stock worth $533,000 after buying an additional 841 shares during the last quarter. Mayflower Financial Advisors LLC grew its stake in shares of Uber Technologies by 35.6% in the first quarter. Mayflower Financial Advisors LLC now owns 8,138 shares of the ride-sharing company's stock worth $593,000 after acquiring an additional 2,138 shares during the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in shares of Uber Technologies in the first quarter worth $223,000. FWG Holdings LLC bought a new position in shares of Uber Technologies during the first quarter valued at $445,000. Finally, Triasima Portfolio Management inc. lifted its holdings in Uber Technologies by 50.0% in the first quarter. Triasima Portfolio Management inc. now owns 7,231 shares of the ride-sharing company's stock valued at $527,000 after acquiring an additional 2,409 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UBER shares. KeyCorp raised their price objective on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. UBS Group raised their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Loop Capital reiterated a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Twelve research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $97.63.

Uber Technologies Stock Up 0.1%

NYSE:UBER traded up $0.07 during mid-day trading on Friday, hitting $90.57. 14,207,666 shares of the company's stock traded hands, compared to its average volume of 21,184,622. The company has a fifty day moving average of $89.22 and a 200 day moving average of $78.71. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72. The company has a market capitalization of $189.40 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for 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 company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.32) EPS. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred 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 owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock worth $3,496,071 in the last 90 days. Company insiders own 3.70% of the company's stock.

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.