Bfsg LLC Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Bfsg LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3,717.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,088 shares of the ride-sharing company's stock after purchasing an additional 18,588 shares during the quarter. Bfsg LLC's holdings in Uber Technologies were worth $1,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Uber Technologies by 228.0% in the fourth quarter. Van ECK Associates Corp now owns 14,910 shares of the ride-sharing company's stock worth $899,000 after buying an additional 10,364 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies during the fourth quarter worth about $395,000. Finally, Principal Securities Inc. boosted its position in Uber Technologies by 39.0% during the fourth quarter. Principal Securities Inc. now owns 40,604 shares of the ride-sharing company's stock worth $2,449,000 after acquiring an additional 11,400 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UBER. Stifel Nicolaus started coverage on shares of Uber Technologies in a research note on Wednesday, June 11th. They issued a "buy" rating and a $110.00 target price on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. TD Cowen dropped their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Raymond James Financial lifted their price target on Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. Eleven equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.

Insider Buying and Selling

In other Uber Technologies news, 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 transaction of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at $1,790,355. The trade was a 11.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock worth $3,441,071. Company insiders own 3.70% of the company's stock.

Uber Technologies Stock Down 0.5%

Uber Technologies stock opened at $84.71 on Wednesday. The firm has a market capitalization of $177.14 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.08 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The stock's fifty day simple moving average is $82.83 and its 200-day simple moving average is $74.17.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.32) EPS. As a group, equities analysts expect 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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