Edgemoor Investment Advisors Inc. Takes $1.05 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Edgemoor Investment Advisors Inc. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 14,365 shares of the ride-sharing company's stock, valued at approximately $1,047,000.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new position in shares of Uber Technologies during the 4th quarter valued at $395,000. Whittier Trust Co. lifted its holdings in shares of Uber Technologies by 4.3% during the 4th quarter. Whittier Trust Co. now owns 10,871 shares of the ride-sharing company's stock worth $656,000 after acquiring an additional 451 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $57,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UBER. Citigroup upped their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. KeyCorp increased their price target on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Sanford C. Bernstein raised their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday. Canaccord Genuity Group restated a "hold" rating and issued a $84.00 target price (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Finally, Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Ten research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.26.

Uber Technologies Trading Up 1.7%

Shares of UBER traded up $1.55 during trading on Thursday, reaching $91.49. 14,708,154 shares of the company traded hands, compared to its average volume of 22,410,736. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.71. The stock has a market cap of $191.32 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.40. The stock has a 50-day simple moving average of $89.28 and a 200-day simple moving average of $79.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate 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 firm posted ($0.32) earnings per share. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 completion of the transaction, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock valued at $3,496,071 in the last quarter. 3.84% of the stock is owned by insiders.

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.