Amalgamated Bank Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Amalgamated Bank increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,520 shares of the ride-sharing company's stock after buying an additional 10,964 shares during the period. Amalgamated Bank's holdings in Uber Technologies were worth $32,096,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Brighton Jones LLC lifted its position in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $395,000. Verus Capital Partners LLC lifted its holdings in shares of Uber Technologies by 55.5% during the fourth quarter. Verus Capital Partners LLC now owns 4,990 shares of the ride-sharing company's stock valued at $301,000 after purchasing an additional 1,782 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $1,314,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 1.7%

NYSE UBER opened at $91.54 on Monday. The company's 50-day simple moving average is $85.16 and its two-hundred day simple moving average is $75.40. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $94.38. The company has a market capitalization of $191.43 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. 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 issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The company 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 firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.32) earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. The trade was a 11.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on UBER. Royal Bank Of Canada reiterated an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Canaccord Genuity Group reiterated a "hold" rating and set a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a research note on Friday. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Wells Fargo & Company boosted their price target on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price target for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $94.85.

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.

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