Bessemer Group Inc. Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bessemer Group Inc. raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 20.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,416 shares of the ride-sharing company's stock after buying an additional 5,561 shares during the quarter. Bessemer Group Inc.'s holdings in Uber Technologies were worth $2,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aurora Private Wealth Inc. purchased a new stake in shares of Uber Technologies in the first quarter worth $336,000. Spire Wealth Management boosted its stake in Uber Technologies by 7.4% in the 1st quarter. Spire Wealth Management now owns 201,314 shares of the ride-sharing company's stock worth $14,668,000 after purchasing an additional 13,832 shares in the last quarter. Saxony Capital Management LLC purchased a new stake in Uber Technologies during the 1st quarter valued at about $312,000. Riverbend Wealth Management LLC increased its stake in Uber Technologies by 103.3% during the 1st quarter. Riverbend Wealth Management LLC now owns 11,314 shares of the ride-sharing company's stock valued at $824,000 after purchasing an additional 5,749 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its holdings in Uber Technologies by 48.1% in the first quarter. Daymark Wealth Partners LLC now owns 8,325 shares of the ride-sharing company's stock worth $607,000 after buying an additional 2,702 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada reissued an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. TD Cowen lowered their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 7th. Finally, DA Davidson boosted their target price on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $94.85.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 1.7%

Shares of Uber Technologies stock opened at $91.54 on Friday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $94.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $191.43 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.16 and a beta of 1.38. The company has a fifty day moving average of $85.16 and a 200 day moving average of $75.30.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.32) earnings per share. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share 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.

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