Dynamic Advisor Solutions LLC Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

Dynamic Advisor Solutions LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,941 shares of the ride-sharing company's stock, valued at approximately $943,000.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC increased its position in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Van ECK Associates Corp grew its stake in shares of Uber Technologies by 228.0% in the fourth quarter. Van ECK Associates Corp now owns 14,910 shares of the ride-sharing company's stock valued at $899,000 after acquiring an additional 10,364 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of Uber Technologies in the fourth quarter valued at about $395,000. Finally, Principal Securities Inc. grew its stake in shares of Uber Technologies by 39.0% in the fourth quarter. Principal Securities Inc. now owns 40,604 shares of the ride-sharing company's stock valued at $2,449,000 after acquiring an additional 11,400 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on UBER shares. TD Cowen decreased their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday. Barclays upped their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 0.3%

NYSE UBER traded up $0.29 during trading hours on Friday, reaching $83.73. The company's stock had a trading volume of 27,456,507 shares, compared to its average volume of 20,893,191. The firm has a fifty day simple moving average of $83.53 and a 200-day simple moving average of $74.39. The stock has a market cap of $175.09 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. 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 issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business earned ($0.32) EPS. The firm's quarterly revenue was up 13.8% on a year-over-year basis. Equities 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.