15,570 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Burr Financial Services LLC

Burr Financial Services LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,570 shares of the ride-sharing company's stock, valued at approximately $1,134,000. Uber Technologies accounts for about 0.9% of Burr Financial Services LLC's investment portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Avion Wealth lifted its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 223 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock valued at $6,517,070 over the last ninety days. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UBER. DA Davidson increased their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. TD Cowen dropped their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Citigroup increased their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Loop Capital reiterated a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, April 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $93.91.

Uber Technologies Stock Up 1.5%

Shares of Uber Technologies stock traded up $1.24 during trading hours on Wednesday, reaching $83.77. 11,522,577 shares of the company's stock were exchanged, compared to its average volume of 20,585,452. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $79.68 and a two-hundred day moving average of $73.17. The stock has a market cap of $175.18 billion, a P/E ratio of 18.37, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60.

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

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.