Broderick Brian C Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

Broderick Brian C purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 13,612 shares of the ride-sharing company's stock, valued at approximately $992,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Norges Bank bought a new stake in shares of Uber Technologies in the fourth quarter valued at about $1,467,754,000. Boston Partners acquired a new position in shares of Uber Technologies in the fourth quarter valued at about $381,057,000. Toyota Motor Corp acquired a new position in shares of Uber Technologies in the fourth quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new position in Uber Technologies during the fourth quarter worth about $298,644,000. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on 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. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,441,071 over the last three months. 3.70% of the stock is owned by company insiders.

Uber Technologies Trading Down 0.5%

NYSE UBER opened at $84.71 on Wednesday. The firm has a market capitalization of $177.14 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38. The business's 50-day moving average price is $82.83 and its two-hundred day moving average price is $74.17. 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 12 month low of $54.84 and a 12 month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the business posted ($0.32) earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on UBER shares. Piper Sandler restated an "overweight" rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Royal Bank Of Canada reissued an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. Citigroup raised their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a report on Sunday. Eleven investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.

Uber Technologies 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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