Cambridge Investment Research Advisors Inc. Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Cambridge Investment Research Advisors Inc. increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 23.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 330,545 shares of the ride-sharing company's stock after acquiring an additional 62,880 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Uber Technologies were worth $24,084,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Uber Technologies by 65.0% in the 4th 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 in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $395,000. Wealthspire Advisors LLC lifted its position in shares of Uber Technologies by 3.6% during the 4th quarter. Wealthspire Advisors LLC now owns 26,031 shares of the ride-sharing company's stock valued at $1,570,000 after buying an additional 905 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its position in shares of Uber Technologies by 6.4% during the 4th quarter. Howard Capital Management Inc. now owns 12,611 shares of the ride-sharing company's stock valued at $761,000 after buying an additional 757 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBER. Loop Capital reiterated a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 7th. Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Wednesday, April 16th. Finally, Barclays increased their price objective on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $94.39.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the chief financial officer now directly owns 21,063 shares in the company, 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. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER opened at $85.24 on Tuesday. The stock has a 50-day simple moving average of $83.77 and a 200-day simple moving average of $74.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $178.25 billion, a PE ratio of 14.93, a PEG ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60.

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, topping 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 analyst estimates of $11.61 billion. During the same quarter last year, the company earned ($0.32) EPS. The business's quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.

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