Chesley Taft & Associates LLC Acquires New Position in Uber Technologies, Inc. (NYSE:UBER)

Chesley Taft & Associates LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,955 shares of the ride-sharing company's stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of 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 valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Trust Point Inc. increased its holdings in shares of Uber Technologies by 11.0% in the fourth quarter. Trust Point Inc. now owns 4,676 shares of the ride-sharing company's stock worth $282,000 after purchasing an additional 464 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Uber Technologies by 12.2% in the fourth quarter. Mather Group LLC. now owns 6,010 shares of the ride-sharing company's stock worth $362,000 after purchasing an additional 653 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Uber Technologies by 1.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 73,752 shares of the ride-sharing company's stock worth $4,449,000 after acquiring an additional 1,271 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,788 shares of company stock worth $6,517,070. Insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 1.1%

Shares of NYSE UBER traded up $0.93 during midday trading on Friday, reaching $85.60. 28,140,231 shares of the stock were exchanged, compared to its average volume of 20,713,389. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a 50 day simple moving average of $80.38 and a 200 day simple moving average of $73.46. The stock has a market capitalization of $179.00 billion, a P/E ratio of 18.77, a PEG ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm earned ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on UBER shares. DA Davidson boosted their price objective on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Raymond James boosted their price target on Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a report on Thursday, May 8th. Arete Research upgraded Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Finally, KeyCorp boosted their price target on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Twelve investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $93.91.

About Uber Technologies

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.