Clare Market Investments LLC Buys 32,517 Shares of Uber Technologies, Inc. (NYSE:UBER)

Clare Market Investments LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 80.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,873 shares of the ride-sharing company's stock after buying an additional 32,517 shares during the period. Uber Technologies makes up about 1.4% of Clare Market Investments LLC's investment portfolio, making the stock its 16th largest holding. Clare Market Investments LLC's holdings in Uber Technologies were worth $5,310,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Secure Asset Management LLC increased its stake in shares of Uber Technologies by 47.6% during the first quarter. Secure Asset Management LLC now owns 7,058 shares of the ride-sharing company's stock valued at $514,000 after acquiring an additional 2,277 shares during the period. Key Client Fiduciary Advisors LLC boosted its stake in Uber Technologies by 25.5% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 5,243 shares of the ride-sharing company's stock valued at $382,000 after purchasing an additional 1,064 shares in the last quarter. Veracity Capital LLC acquired a new position in shares of Uber Technologies during the 1st quarter valued at $348,000. Firethorn Wealth Partners LLC raised its stake in shares of Uber Technologies by 188.0% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,419 shares of the ride-sharing company's stock worth $759,000 after buying an additional 6,801 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its holdings in shares of Uber Technologies by 3,161.2% in the first quarter. Financial Management Professionals Inc. now owns 2,185 shares of the ride-sharing company's stock valued at $159,000 after buying an additional 2,118 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Up 1.4%

Shares of UBER traded up $1.17 during mid-day trading on Thursday, hitting $84.62. 33,295,404 shares of the company's stock were exchanged, compared to its average volume of 20,704,168. The stock has a market cap of $176.96 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 0.89 and a beta of 1.38. The firm has a fifty day moving average of $79.90 and a two-hundred day moving average of $73.24. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60.

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, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. TD Cowen dropped their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Barclays increased their price objective on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. KeyCorp increased their price target on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Finally, Arete Research upgraded shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $93.91.

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.