Baxter Bros Inc. Has $2.60 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Baxter Bros Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 12.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,656 shares of the ride-sharing company's stock after purchasing an additional 4,085 shares during the quarter. Baxter Bros Inc.'s holdings in Uber Technologies were worth $2,598,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UBER. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the period. Transce3nd LLC acquired a new position in shares of Uber Technologies during the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies during the fourth quarter valued at $28,000. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 7th. Piper Sandler restated an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. The Goldman Sachs Group lifted their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $93.91.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,788 shares of company stock valued at $6,517,070 in the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 1.2%

NYSE:UBER traded up $1.00 on Wednesday, hitting $83.53. 20,046,961 shares of the company's stock traded hands, compared to its average volume of 20,617,143. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The firm has a 50-day moving average price of $79.68 and a 200-day moving average price of $73.17. The company has a market cap of $174.68 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last released its 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 company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the previous year, the business posted ($0.32) EPS. The business's revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies Company 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.