D.A. Davidson & CO. Acquires 22,494 Shares of Uber Technologies, Inc. (NYSE:UBER)

D.A. Davidson & CO. grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 20.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,780 shares of the ride-sharing company's stock after acquiring an additional 22,494 shares during the period. D.A. Davidson & CO.'s holdings in Uber Technologies were worth $9,747,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Transce3nd LLC bought a new position in Uber Technologies in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth $27,000. Kozak & Associates Inc. raised its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the first quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies during the fourth quarter worth $28,000. Institutional investors own 80.24% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. KeyCorp boosted their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Stifel Nicolaus initiated coverage on shares of Uber Technologies in a research note on Wednesday, June 11th. They set a "buy" rating and a $110.00 price target for the company. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Loop Capital reissued a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Thirteen analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.44.

Uber Technologies Stock Up 3.2%

Shares of UBER traded up $3.04 during mid-day trading on Monday, hitting $96.67. 29,774,053 shares of the company's stock were exchanged, compared to its average volume of 21,181,894. The company has a market cap of $202.15 billion, a PE ratio of 16.93, a P/E/G ratio of 1.19 and a beta of 1.40. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.09. The company has a 50-day simple moving average of $86.90 and a 200 day simple moving average of $76.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last released its 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 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 firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.32) earnings per share. On average, research analysts forecast 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.