Cornerstone Wealth Group LLC Acquires 4,844 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cornerstone Wealth Group LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,235 shares of the ride-sharing company's stock after buying an additional 4,844 shares during the quarter. Cornerstone Wealth Group LLC's holdings in Uber Technologies were worth $4,462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after purchasing an additional 2,364,525 shares in the last quarter. Capital Research Global Investors raised its stake in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC raised its stake in Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after buying an additional 1,061,088 shares in the last quarter. Capital World Investors grew its position in shares of Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after acquiring an additional 2,792,039 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $1,467,754,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of UBER traded up $6.35 during mid-day trading on Tuesday, reaching $91.59. The company's stock had a trading volume of 38,312,166 shares, compared to its average volume of 23,405,279. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $191.53 billion, a P/E ratio of 16.04, a PEG ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The business has a 50-day simple moving average of $83.77 and a two-hundred day simple moving average of $74.60.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. The business 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%. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) EPS. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company'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 completion of the transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 in the company, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UBER. Wells Fargo & Company raised their target price on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a report on Sunday, June 15th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. The Goldman Sachs Group boosted their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $94.39.

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.