Callan Capital LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Callan Capital LLC grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 62.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,761 shares of the ride-sharing company's stock after acquiring an additional 2,608 shares during the quarter. Callan Capital LLC's holdings in Uber Technologies were worth $493,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UBER. Brighton Jones LLC grew its stake in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies in the fourth quarter valued at approximately $395,000. Proficio Capital Partners LLC grew its holdings in shares of Uber Technologies by 3.2% during the 4th quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock worth $4,259,000 after purchasing an additional 2,184 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in Uber Technologies by 121.5% during the fourth quarter. Edgestream Partners L.P. now owns 22,395 shares of the ride-sharing company's stock worth $1,351,000 after buying an additional 12,283 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UBER shares. JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Fox Advisors cut Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. DA Davidson increased their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, TD Cowen decreased their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.97.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer directly owned 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction 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 completion of the transaction, the insider owned 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. 3.70% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

NYSE:UBER traded down $0.49 during midday trading on Wednesday, reaching $96.99. The stock had a trading volume of 3,403,358 shares, compared to its average volume of 21,166,394. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $202.82 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.23 and a beta of 1.40. The firm has a fifty day simple moving average of $87.63 and a two-hundred day simple moving average of $76.92. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $97.90.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. 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 firm earned ($0.32) earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current 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.