Carr Financial Group Corp Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Carr Financial Group Corp acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,908 shares of the ride-sharing company's stock, valued at approximately $795,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC increased its holdings in Uber Technologies by 65.0% in 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 in the last quarter. Van ECK Associates Corp grew its position in shares of Uber Technologies by 228.0% during the 4th quarter. Van ECK Associates Corp now owns 14,910 shares of the ride-sharing company's stock worth $899,000 after buying an additional 10,364 shares during the period. Bank Pictet & Cie Europe AG bought a new position in Uber Technologies during the fourth quarter worth $395,000. Finally, Allworth Financial LP raised its holdings in shares of Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after purchasing an additional 1,663 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 transaction, the chief financial officer now owns 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now owns 102,135 shares in the company, 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. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $83.43 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The stock has a market cap of $174.46 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.38. The stock has a fifty day moving average of $83.30 and a 200-day moving average of $74.30.

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

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Fox Advisors cut Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, May 7th. Raymond James Financial lowered shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a report on Monday, May 5th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $94.39.

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.

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