Destiny Wealth Partners LLC Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Destiny Wealth Partners LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,549 shares of the ride-sharing company's stock after buying an additional 3,356 shares during the period. Destiny Wealth Partners LLC's holdings in Uber Technologies were worth $4,193,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in UBER. Perkins Coie Trust Co lifted its holdings in shares of Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 306 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the 4th quarter valued at $27,000. Avion Wealth lifted its holdings in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Transce3nd LLC acquired a new position in shares of Uber Technologies during the 4th quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies during the 4th quarter valued at $28,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 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 in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,788 shares of company stock worth $6,517,070. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $85.60 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The firm has a 50-day simple moving average of $80.38 and a 200 day simple moving average of $73.51. The company has a market cap of $179.00 billion, a PE ratio of 18.77, a P/E/G ratio of 0.89 and a beta of 1.38.

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 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 the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

UBER has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. KGI Securities reiterated a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. DA Davidson upped their price objective 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. Barclays upped their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, UBS Group upped their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $93.91.

Uber Technologies Company Profile

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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