Annex Advisory Services LLC Buys 159,248 Shares of Uber Technologies, Inc. (NYSE:UBER)

Annex Advisory Services LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 64.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 407,591 shares of the ride-sharing company's stock after buying an additional 159,248 shares during the period. Annex Advisory Services LLC's holdings in Uber Technologies were worth $29,697,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in UBER. Capital Research Global Investors grew its position in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares during the last quarter. Norges Bank bought a new position in Uber Technologies in the fourth quarter valued at about $1,467,754,000. Boston Partners bought a new position in Uber Technologies in the fourth quarter valued at about $381,057,000. Toyota Motor Corp bought a new position in Uber Technologies in the fourth quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new position in Uber Technologies in the fourth quarter valued at about $298,644,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock traded up $1.17 on Thursday, hitting $84.62. 33,295,404 shares of the stock were exchanged, compared to its average volume of 20,704,168. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $176.96 billion, a PE ratio of 18.56, a P/E/G ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The firm's 50 day moving average is $79.90 and its two-hundred day moving average is $73.24.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm 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 business posted ($0.32) earnings per share. The company's revenue was up 13.8% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several research reports. KeyCorp boosted their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price objective for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 7th. Bank of America lifted their price objective on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Barclays lifted their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.91.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is currently 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.