Atwood & Palmer Inc. Has $12.43 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Atwood & Palmer Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16,840.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,590 shares of the ride-sharing company's stock after purchasing an additional 169,583 shares during the quarter. Atwood & Palmer Inc.'s holdings in Uber Technologies were worth $12,429,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UBER. Perkins Coie Trust Co raised its stake in Uber Technologies by 306.0% during the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $27,000. Avion Wealth raised its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Transce3nd LLC bought a new position in Uber Technologies during the fourth quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the fourth quarter worth $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on UBER shares. The Goldman Sachs Group raised their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Truist Financial raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. TD Cowen decreased their target price 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. DA Davidson increased their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, UBS Group boosted their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Price Performance

NYSE:UBER traded down $0.69 during trading hours on Tuesday, reaching $86.43. 24,462,965 shares of the company's stock were exchanged, compared to its average volume of 20,763,614. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $180.73 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The business's 50-day simple moving average is $80.63 and its two-hundred day simple moving average is $73.62.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the previous year, the firm posted ($0.32) EPS. The company's quarterly revenue was up 13.8% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is owned by corporate insiders.

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.