NorthCrest Asset Manangement LLC Invests $309,000 in Uber Technologies, Inc. (NYSE:UBER)

NorthCrest Asset Manangement LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,236 shares of the ride-sharing company's stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UBER. Sky Investment Group LLC acquired a new position in Uber Technologies in the first quarter valued at $201,000. Legacy Trust lifted its stake in shares of Uber Technologies by 9.9% in the 1st quarter. Legacy Trust now owns 40,442 shares of the ride-sharing company's stock valued at $2,947,000 after purchasing an additional 3,650 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $38,770,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $41,105,000. Finally, Yarger Wealth Strategies LLC acquired a new stake in Uber Technologies during the first quarter worth approximately $311,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's 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 completion of the transaction, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This trade 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 the 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 completion of the transaction, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock valued at $3,441,071 over the last three months. Corporate insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UBER shares. KGI Securities restated a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a report on Tuesday, March 11th. Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. DA Davidson increased their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised 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. Eleven research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $94.39.

Uber Technologies Trading Up 1.4%

UBER stock traded up $1.17 on Monday, reaching $85.10. The company's stock had a trading volume of 12,227,731 shares, compared to its average volume of 20,764,403. The firm has a market cap of $177.95 billion, a PE ratio of 18.66, a PEG ratio of 0.89 and a beta of 1.38. The business has a fifty day simple moving average of $82.19 and a two-hundred day simple moving average of $74.00. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. The business 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 company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.32) EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.