7,787 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Audent Global Asset Management LLC

Audent Global Asset Management LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,787 shares of the ride-sharing company's stock, valued at approximately $470,000.

Several other large investors have also modified their holdings of UBER. Brighton Jones LLC grew its position in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Uber Technologies by 11.1% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,213 shares of the ride-sharing company's stock valued at $254,000 after buying an additional 420 shares during the period. Jamison Private Wealth Management Inc. boosted its position in Uber Technologies by 94.8% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 4,417 shares of the ride-sharing company's stock worth $266,000 after acquiring an additional 2,150 shares during the last quarter. Drive Wealth Management LLC boosted its position in Uber Technologies by 3.1% during the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock worth $312,000 after acquiring an additional 155 shares during the last quarter. Finally, PFG Investments LLC boosted its position in Uber Technologies by 11.6% during the fourth quarter. PFG Investments LLC now owns 39,725 shares of the ride-sharing company's stock worth $2,396,000 after acquiring an additional 4,138 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $0.61 during midday trading on Wednesday, hitting $88.39. The company's stock had a trading volume of 13,749,595 shares, compared to its average volume of 20,427,985. The firm has a market cap of $184.84 billion, a P/E ratio of 19.38, a P/E/G ratio of 0.89 and a beta of 1.43. The firm's fifty day moving average price is $78.76 and its 200-day moving average price is $72.73. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

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 the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.32) EPS. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,788 shares of company stock worth $6,517,070 in the last ninety days. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Loop Capital reiterated a "buy" rating and issued a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Bank of America upped their target price on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Barclays increased their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Eleven investment 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $93.91.

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.