Benjamin Edwards Inc. Purchases 12,984 Shares of Uber Technologies, Inc. (NYSE:UBER)

Benjamin Edwards Inc. boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 37.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 47,352 shares of the ride-sharing company's stock after purchasing an additional 12,984 shares during the period. Benjamin Edwards Inc.'s holdings in Uber Technologies were worth $3,450,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors raised its position in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Pacer Advisors Inc. raised its position in Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after acquiring an additional 6,254,898 shares during the period. Vanguard Group Inc. raised its position in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares during the period. Toyota Motor Corp bought a new stake in Uber Technologies in the 4th quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Uber Technologies in the 4th quarter valued at about $298,644,000. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $89.64 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $187.45 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. The business's 50-day moving average price is $89.44 and its 200-day moving average price is $81.25. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the company earned $0.47 EPS. The company's revenue was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UBER shares. Citigroup increased their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America increased their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Canaccord Genuity Group reiterated a "hold" rating and set a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. UBS Group increased their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Piper Sandler increased their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $102.82.

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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