Birch Hill Investment Advisors LLC Purchases 29,500 Shares of Uber Technologies, Inc. (NYSE:UBER)

Birch Hill Investment Advisors LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,947 shares of the ride-sharing company's stock after purchasing an additional 29,500 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in Uber Technologies were worth $8,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new position in Uber Technologies during the first quarter worth about $27,000. Kozak & Associates Inc. lifted its holdings in shares of 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 period. GPS Wealth Strategies Group LLC boosted its stake in shares of Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares in the last quarter. Perkins Coie Trust Co grew its holdings in Uber Technologies by 306.0% during the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 306 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the fourth quarter worth $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In related 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 transaction, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 owns 102,135 shares of the company's stock, 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. Over the last quarter, insiders have sold 40,384 shares of company stock valued at $3,441,071. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Down 0.5%

Shares of NYSE:UBER traded down $0.41 during midday trading on Tuesday, reaching $84.71. 13,664,010 shares of the company were exchanged, compared to its average volume of 20,736,239. The firm has a market cap of $177.14 billion, a PE ratio of 18.58, a P/E/G ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The stock has a fifty day simple moving average of $82.60 and a two-hundred day simple moving average of $74.09. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Loop Capital reiterated a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. DA Davidson upped their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, Wall Street Zen upgraded Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday. Eleven equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.

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.