CX Institutional Acquires 5,535 Shares of Uber Technologies, Inc. (NYSE:UBER)

CX Institutional lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 56.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,279 shares of the ride-sharing company's stock after acquiring an additional 5,535 shares during the period. CX Institutional's holdings in Uber Technologies were worth $1,113,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP grew its position in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after acquiring an additional 1,663 shares during the period. Clark Capital Management Group Inc. boosted its stake in shares of Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after purchasing an additional 399,008 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares in the last quarter. MFG Wealth Management Inc. bought a new stake in shares of Uber Technologies in the 4th quarter worth about $1,997,000. Finally, TigerOak Management L.L.C. acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $1,278,000. 80.24% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated 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 completion of the transaction, the insider now owns 102,135 shares of the company's stock, 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 at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock worth $3,441,071 in the last quarter. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 2.1%

NYSE UBER traded down $1.81 during trading on Friday, hitting $83.81. The stock had a trading volume of 17,974,278 shares, compared to its average volume of 20,761,891. 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 quick ratio of 1.41 and a current ratio of 1.07. The company's 50-day moving average price is $82.19 and its two-hundred day moving average price is $73.97. The company has a market capitalization of $175.26 billion, a PE ratio of 18.38, a P/E/G ratio of 0.89 and a beta of 1.38.

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. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the prior year, the company posted ($0.32) earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UBER. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective 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. DA Davidson increased their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Finally, KGI Securities reaffirmed a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company 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.