Bailard Inc. Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bailard Inc. lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 297,988 shares of the ride-sharing company's stock after purchasing an additional 5,546 shares during the period. Bailard Inc.'s holdings in Uber Technologies were worth $21,711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. Transce3nd LLC bought a new stake in Uber Technologies during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $27,000. Kozak & Associates Inc. grew its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new position in Uber Technologies in the 1st quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 0.1%

Shares of UBER traded up $0.07 during mid-day trading on Friday, reaching $90.57. 14,207,666 shares of the company's stock traded hands, compared to its average volume of 21,184,622. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.72. The stock's 50-day moving average is $89.22 and its two-hundred day moving average is $78.71. The stock has a market cap of $189.40 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.15 and a beta of 1.40. 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 issued its quarterly earnings data 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. 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 27.07% and a return on equity of 66.46%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.32) EPS. Research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UBER. Needham & Company LLC set a $109.00 price target on shares of Uber Technologies and gave the company a "buy" rating in a research report on Monday, July 14th. 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 report on Thursday, May 8th. Wells Fargo & Company raised their price objective on shares of Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 price target (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Twelve investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $97.63.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock valued at $3,496,071 in the last quarter. Company insiders own 3.70% of the company's stock.

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.