Canton Hathaway LLC Purchases 22,160 Shares of Uber Technologies, Inc. (NYSE:UBER)

Canton Hathaway LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 402.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,660 shares of the ride-sharing company's stock after buying an additional 22,160 shares during the quarter. Uber Technologies makes up approximately 0.4% of Canton Hathaway LLC's investment portfolio, making the stock its 28th largest position. Canton Hathaway LLC's holdings in Uber Technologies were worth $2,015,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Uber Technologies by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after purchasing an additional 2,364,525 shares during the period. Capital Research Global Investors increased its position in Uber Technologies by 79.0% during 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 purchasing an additional 52,125,476 shares during the period. Geode Capital Management LLC increased its position in Uber Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors increased its position in Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Norges Bank acquired a new stake in Uber Technologies during the 4th quarter valued at approximately $1,467,754,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research 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. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $94.39.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction 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 sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a document filed 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 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 now owns 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 disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Up 0.3%

NYSE:UBER traded up $0.29 during trading hours on Friday, hitting $83.73. 27,456,507 shares of the company traded hands, compared to its average volume of 20,893,272. 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 firm's 50-day simple moving average is $83.53 and its 200-day simple moving average is $74.39. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The company has a market cap of $175.09 billion, a PE ratio of 14.66, a PEG ratio of 1.06 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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. 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 last year, the business earned ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.