564,166 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 564,166 shares of the ride-sharing company's stock, valued at approximately $41,105,000.

A number of other institutional investors and hedge funds have also modified their holdings 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 acquired a new position in Uber Technologies in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies in the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. lifted its holdings in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Finally, Noble Wealth Management PBC acquired a new position in Uber Technologies in the first quarter valued at approximately $27,000. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of several analyst reports. DA Davidson increased their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. The Goldman Sachs Group upped their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, April 16th. Finally, Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's 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 transaction, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. The trade was 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, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,384 shares of company stock valued at $3,441,071. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 2.1%

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

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results 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. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.32) earnings per share. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.