Consolidated Portfolio Review Corp Takes $214,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Consolidated Portfolio Review Corp bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,936 shares of the ride-sharing company's stock, valued at approximately $214,000.

A number of other hedge funds have also added to or reduced their stakes in UBER. Clark Capital Management Group Inc. boosted its position in shares of Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares in the last quarter. UMB Bank n.a. raised its position in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Uber Technologies by 65.0% in the 4th 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. Mufg Securities Americas Inc. acquired a new stake in Uber Technologies in the 4th quarter valued at $1,875,000. Finally, APG Asset Management N.V. bought a new stake in Uber Technologies during the 4th quarter valued at $84,687,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Citigroup raised their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Barclays lifted their target price on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $95.18.

Uber Technologies Trading Down 0.8%

Shares of Uber Technologies stock opened at $90.88 on Thursday. The stock has a market capitalization of $190.05 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.17 and a beta of 1.38. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The stock's 50-day simple moving average is $84.48 and its 200 day simple moving average is $74.83.

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, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company's revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) earnings per share. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This represents 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 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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