Aire Advisors LLC Boosts Position in Uber Technologies, Inc. (NYSE:UBER)

Aire Advisors LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 46.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,528 shares of the ride-sharing company's stock after buying an additional 4,293 shares during the quarter. Aire Advisors LLC's holdings in Uber Technologies were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors lifted its position in Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Norges Bank acquired a new position in Uber Technologies during the 4th quarter worth about $1,467,754,000. Toyota Motor Corp acquired a new position in Uber Technologies during the 4th quarter worth about $309,192,000. Jericho Capital Asset Management L.P. acquired a new position in Uber Technologies during the 4th quarter worth about $298,644,000. Finally, Capital World Investors lifted its position in Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after buying an additional 2,792,039 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent analyst reports. TD Cowen lowered their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Sanford C. Bernstein increased their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday. Canaccord Genuity Group reissued a "hold" rating and set a $84.00 target price (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 price target (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $99.79.

Uber Technologies Trading Down 2.0%

UBER stock traded down $1.83 during trading on Wednesday, hitting $89.96. The company had a trading volume of 14,395,932 shares, compared to its average volume of 21,128,991. The stock has a market cap of $188.12 billion, a PE ratio of 15.76, a PEG ratio of 1.05 and a beta of 1.40. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.72. The business has a 50-day moving average of $89.22 and a 200-day moving average of $78.82. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.32) earnings per share. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated 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 owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The shares were 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 of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock valued at $3,496,071 in the last quarter. 3.70% 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.