Creekmur Asset Management LLC Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Creekmur Asset Management LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3,839.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,195 shares of the ride-sharing company's stock after acquiring an additional 7,987 shares during the quarter. Creekmur Asset Management LLC's holdings in Uber Technologies were worth $597,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UBER. Capital Research Global Investors grew its holdings in shares of 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 during the last quarter. Norges Bank purchased a new position in shares of Uber Technologies in the fourth quarter worth $1,467,754,000. Toyota Motor Corp bought a new stake in Uber Technologies in the 4th quarter worth about $309,192,000. Jericho Capital Asset Management L.P. bought a new position in Uber Technologies during the 4th quarter valued at about $298,644,000. Finally, Capital World Investors raised its holdings in shares of Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,384 shares of company stock worth $3,496,071. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on UBER shares. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Needham & Company LLC set a $109.00 price objective on Uber Technologies and gave the stock a "buy" rating in a research note on Monday. DA Davidson upped their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Wells Fargo & Company raised their price objective on Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, Roth Capital set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $97.63.

Uber Technologies Price Performance

UBER stock opened at $90.39 on Friday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.72. The company has a 50-day moving average price of $89.06 and a 200 day moving average price of $78.37. The stock has a market cap of $189.01 billion, a PE ratio of 15.91, a P/E/G ratio of 1.15 and a beta of 1.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the company earned ($0.32) earnings per share. The company's revenue was up 13.8% on a year-over-year basis. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.

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