Cerity Partners LLC Purchases 241,740 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cerity Partners LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 42.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 814,107 shares of the ride-sharing company's stock after purchasing an additional 241,740 shares during the period. Cerity Partners LLC's holdings in Uber Technologies were worth $59,316,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Correct Capital Wealth Management purchased a new stake in shares of Uber Technologies during the first quarter worth $676,000. Allworth Financial LP raised its position in shares of Uber Technologies by 6.5% in the first quarter. Allworth Financial LP now owns 21,713 shares of the ride-sharing company's stock worth $1,696,000 after buying an additional 1,332 shares in the last quarter. Rock Point Advisors LLC purchased a new stake in shares of Uber Technologies in the first quarter worth $3,978,000. MainStreet Investment Advisors LLC increased its stake in Uber Technologies by 5.1% in the first quarter. MainStreet Investment Advisors LLC now owns 20,574 shares of the ride-sharing company's stock valued at $1,499,000 after acquiring an additional 992 shares during the last quarter. Finally, Rogco LP increased its stake in Uber Technologies by 13.4% in the first quarter. Rogco LP now owns 8,786 shares of the ride-sharing company's stock valued at $640,000 after acquiring an additional 1,041 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Down 1.8%

NYSE UBER traded down $1.67 during trading hours on Tuesday, hitting $92.22. The company's stock had a trading volume of 18,446,491 shares, compared to its average volume of 21,194,635. The stock has a fifty day moving average of $88.64 and a 200 day moving average of $77.98. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72. The firm has a market capitalization of $192.85 billion, a P/E ratio of 16.15, a PEG ratio of 1.21 and a beta of 1.40. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. The business's quarterly revenue was up 13.8% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. TD Cowen cut their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group upped their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their target price for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. Thirteen 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.63.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock valued at $3,496,071 in the last three months. 3.70% of the stock is owned by insiders.

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.