9,092 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Cottage Street Advisors LLC

Cottage Street Advisors LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,092 shares of the ride-sharing company's stock, valued at approximately $662,000.

Several other large investors also recently made changes to their positions in UBER. Carr Financial Group Corp acquired a new position in shares of Uber Technologies during the first quarter valued at approximately $795,000. Congress Park Capital LLC increased its stake in shares of Uber Technologies by 22.2% during the first quarter. Congress Park Capital LLC now owns 11,598 shares of the ride-sharing company's stock valued at $845,000 after acquiring an additional 2,105 shares during the period. Advisor Resource Council acquired a new position in shares of Uber Technologies during the first quarter valued at approximately $771,000. L.M. Kohn & Company grew its position in Uber Technologies by 20.8% in the first quarter. L.M. Kohn & Company now owns 16,183 shares of the ride-sharing company's stock worth $1,179,000 after buying an additional 2,792 shares during the last quarter. Finally, Spirit of America Management Corp NY acquired a new position in Uber Technologies in the first quarter worth approximately $109,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. Stifel Nicolaus initiated coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, April 16th. Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th. Finally, Wells Fargo & Company lifted their price target on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Eleven 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $94.39.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, May 5th. The stock was 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 in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Up 0.3%

Shares of Uber Technologies stock traded up $0.29 during midday trading on Friday, reaching $83.73. 27,456,507 shares of the company's stock traded hands, compared to its average volume of 20,893,272. The company has a market cap of $175.09 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.06 and a beta of 1.38. The company's 50 day simple moving average is $83.53 and its 200 day simple moving average is $74.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion for 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 for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.32) EPS. Equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.