Aire Advisors LLC Acquires 4,293 Shares of 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 the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,528 shares of the ride-sharing company's stock after buying an additional 4,293 shares during the period. Aire Advisors LLC's holdings in Uber Technologies were worth $986,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Navalign LLC boosted its position in shares of Uber Technologies by 0.5% during the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after acquiring an additional 126 shares in the last quarter. Grove Bank & Trust grew its stake in shares of Uber Technologies by 0.9% during the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after buying an additional 133 shares during the last quarter. Forum Financial Management LP grew its stake in shares of Uber Technologies by 1.3% during the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after buying an additional 136 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of Uber Technologies by 42.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after buying an additional 138 shares during the last quarter. Finally, Amplius Wealth Advisors LLC grew its stake in shares of Uber Technologies by 3.6% during the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after buying an additional 145 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock traded up $1.64 during trading on Thursday, reaching $91.58. 13,862,502 shares of the company's stock traded hands, compared to its average volume of 22,408,613. The company has a market capitalization of $191.52 billion, a P/E ratio of 16.04, a PEG ratio of 1.06 and a beta of 1.40. 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 firm's 50-day moving average is $89.28 and its 200 day moving average is $79.17. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the company posted ($0.32) EPS. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,496,071 over the last quarter. Corporate insiders own 3.84% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on UBER. The Goldman Sachs Group boosted their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. UBS Group upped their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Bank of America boosted their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Ten research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $100.26.

Uber Technologies Company 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.