Bleakley Financial Group LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bleakley Financial Group LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 30.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,464 shares of the ride-sharing company's stock after acquiring an additional 10,528 shares during the quarter. Bleakley Financial Group LLC's holdings in Uber Technologies were worth $3,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eos Management L.P. lifted its stake in shares of Uber Technologies by 216.1% during the 1st quarter. Eos Management L.P. now owns 22,579 shares of the ride-sharing company's stock valued at $1,645,000 after buying an additional 15,437 shares in the last quarter. Zullo Investment Group Inc. lifted its stake in shares of Uber Technologies by 5.3% during the 1st quarter. Zullo Investment Group Inc. now owns 17,148 shares of the ride-sharing company's stock valued at $1,249,000 after buying an additional 857 shares in the last quarter. Left Brain Wealth Management LLC lifted its stake in shares of Uber Technologies by 8.6% during the 1st quarter. Left Brain Wealth Management LLC now owns 78,112 shares of the ride-sharing company's stock valued at $5,691,000 after buying an additional 6,179 shares in the last quarter. LRI Investments LLC lifted its stake in shares of Uber Technologies by 29.2% during the 1st quarter. LRI Investments LLC now owns 7,400 shares of the ride-sharing company's stock valued at $539,000 after buying an additional 1,674 shares in the last quarter. Finally, Smith Thornton Advisors LLC lifted its stake in shares of Uber Technologies by 34.6% during the 1st quarter. Smith Thornton Advisors LLC now owns 7,925 shares of the ride-sharing company's stock valued at $577,000 after buying an additional 2,038 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of UBER stock traded down $0.05 during mid-day trading on Friday, hitting $90.45. The company had a trading volume of 9,994,699 shares, compared to its average volume of 22,626,639. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.71. The stock's 50 day moving average price is $89.06 and its 200-day moving average price is $78.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $189.14 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.15 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business 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) earnings per share. The business's revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on 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 transaction, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock worth $3,496,071 in the last quarter. Company insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UBER. Barclays upped their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Canaccord Genuity Group restated a "hold" rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Raymond James Financial cut shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. The Goldman Sachs Group upped their price target 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. Finally, Stifel Nicolaus began coverage on shares of Uber Technologies in a report on Wednesday, June 11th. They set a "buy" rating and a $110.00 target price on the stock. Thirteen analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.63.

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.