Farther Finance Advisors LLC Buys 18,937 Shares of Uber Technologies, Inc. (NYSE:UBER)

Farther Finance Advisors LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 141.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,350 shares of the ride-sharing company's stock after buying an additional 18,937 shares during the quarter. Farther Finance Advisors LLC's holdings in Uber Technologies were worth $2,361,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of UBER. Avion Wealth lifted its holdings in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares during the period. Transce3nd LLC bought a new position in shares of Uber Technologies in the 4th quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies in the fourth quarter valued at about $28,000. Finally, Perkins Coie Trust Co lifted its stake in Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on UBER shares. Stifel Nicolaus assumed coverage on shares of Uber Technologies in a research report on Wednesday. They issued a "buy" rating and a $110.00 price target on the stock. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. The Goldman Sachs Group lifted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Loop Capital reiterated a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Twelve investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $94.39.

Uber Technologies Stock Down 2.1%

Shares of UBER traded down $1.81 during trading hours on Friday, reaching $83.81. The stock had a trading volume of 17,974,278 shares, compared to its average volume of 20,761,891. The firm has a 50-day simple moving average of $82.19 and a 200 day simple moving average of $73.97. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $175.26 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.89 and a beta of 1.38.

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 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the company earned ($0.32) earnings per share. The business's revenue was up 13.8% on a year-over-year basis. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider now 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. In the last quarter, insiders sold 40,384 shares of company stock worth $3,441,071. Insiders own 3.84% of the company's stock.

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.