Donaldson Capital Management LLC Invests $3.13 Million in Uber Technologies, Inc. (NYSE:UBER)

Donaldson Capital Management LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 42,910 shares of the ride-sharing company's stock, valued at approximately $3,126,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBER. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the last quarter. Perkins Coie Trust Co lifted its stake in shares of Uber Technologies by 306.0% in 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 during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $27,000. Avion Wealth lifted its stake in shares of Uber Technologies by 96.0% in 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 during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 2.1%

UBER stock traded down $1.81 on Friday, reaching $83.81. 17,974,278 shares of the company traded hands, compared to its average volume of 20,798,681. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market cap of $175.26 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The firm has a fifty day simple moving average of $82.19 and a 200-day simple moving average of $73.97.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the company earned ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock valued at $3,441,071 in the last 90 days. Corporate insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Bank of America upped their price target on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. UBS Group upped their price target on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, KGI Securities reaffirmed a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target 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.