Clarius Group LLC Acquires 4,711 Shares of Uber Technologies, Inc. (NYSE:UBER)

Clarius Group LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 58.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,720 shares of the ride-sharing company's stock after purchasing an additional 4,711 shares during the quarter. Clarius Group LLC's holdings in Uber Technologies were worth $927,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UBER. Hemenway Trust Co LLC bought a new stake in shares of Uber Technologies in the first quarter worth $3,440,000. GSB Wealth Management LLC bought a new stake in shares of Uber Technologies in the first quarter worth $211,000. Prosperity Wealth Management Inc. lifted its position in shares of Uber Technologies by 6.9% in the first quarter. Prosperity Wealth Management Inc. now owns 25,360 shares of the ride-sharing company's stock worth $1,848,000 after purchasing an additional 1,641 shares in the last quarter. Marest Capital LLC bought a new stake in shares of Uber Technologies in the first quarter worth $710,000. Finally, Birch Hill Investment Advisors LLC lifted its position in shares of Uber Technologies by 33.7% in the first quarter. Birch Hill Investment Advisors LLC now owns 116,947 shares of the ride-sharing company's stock worth $8,521,000 after purchasing an additional 29,500 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 0.3%

Shares of NYSE UBER traded up $0.29 during trading on Friday, hitting $83.73. The stock had a trading volume of 27,456,507 shares, compared to its average volume of 20,895,478. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $175.09 billion, a PE ratio of 14.66, a PEG ratio of 1.06 and a beta of 1.38. The firm has a fifty day moving average of $83.30 and a two-hundred day moving average of $74.30.

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 (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) EPS. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on UBER. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Bank of America upped their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Barclays increased their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Loop Capital reissued a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Eleven analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.39.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies 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.