AssuredPartners Investment Advisors LLC Acquires 4,739 Shares of Uber Technologies, Inc. (NYSE:UBER)

AssuredPartners Investment Advisors LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 96.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,670 shares of the ride-sharing company's stock after acquiring an additional 4,739 shares during the period. AssuredPartners Investment Advisors LLC's holdings in Uber Technologies were worth $705,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its position in shares of Uber Technologies by 6.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 826,847 shares of the ride-sharing company's stock worth $60,244,000 after acquiring an additional 49,262 shares in the last quarter. Valmark Advisers Inc. grew its stake in shares of Uber Technologies by 2.0% in the 1st quarter. Valmark Advisers Inc. now owns 33,173 shares of the ride-sharing company's stock worth $2,417,000 after buying an additional 637 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Uber Technologies by 51.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 250,062 shares of the ride-sharing company's stock worth $18,220,000 after buying an additional 84,525 shares during the last quarter. XML Financial LLC purchased a new stake in shares of Uber Technologies in the 1st quarter worth approximately $215,000. Finally, JFS Wealth Advisors LLC grew its stake in shares of Uber Technologies by 31.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 873 shares of the ride-sharing company's stock worth $64,000 after buying an additional 208 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on UBER shares. JPMorgan Chase & Co. upped their price target on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Wall Street Zen upgraded Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Finally, TD Cowen lowered their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $94.39.

Uber Technologies Stock Up 7.4%

Shares of NYSE:UBER opened at $91.59 on Wednesday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The business has a 50 day simple moving average of $84.12 and a two-hundred day simple moving average of $74.72. The firm has a market capitalization of $191.53 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction 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 approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's 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 transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

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.

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