Financial Counselors Inc. Purchases New Shares in Uber Technologies, Inc. (NYSE:UBER)

Financial Counselors Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,376 shares of the ride-sharing company's stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UBER. Navalign LLC lifted its position in Uber Technologies by 0.5% during the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after purchasing an additional 126 shares during the period. Grove Bank & Trust increased its stake in Uber Technologies by 0.9% during the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after purchasing an additional 133 shares in the last quarter. Amplius Wealth Advisors LLC increased its stake in Uber Technologies by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after purchasing an additional 145 shares in the last quarter. United Advisor Group LLC grew its stake in shares of Uber Technologies by 3.6% during the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock worth $263,000 after acquiring an additional 153 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Uber Technologies by 19.7% during the 1st quarter. Capital Advisors Ltd. LLC now owns 947 shares of the ride-sharing company's stock worth $69,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider owned 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 have sold a total of 40,384 shares of company stock worth $3,496,071 over the last 90 days. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 1.1%

NYSE:UBER traded down $1.04 on Friday, reaching $95.36. 12,442,436 shares of the stock traded hands, compared to its average volume of 21,233,017. The firm has a market capitalization of $199.41 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40. The company's 50 day moving average is $88.47 and its 200-day moving average is $77.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus started coverage on shares of Uber Technologies in a research note on Wednesday, June 11th. They set a "buy" rating and a $110.00 price target for the company. Citigroup raised their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Raymond James Financial downgraded Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. KeyCorp lifted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $96.12.

Uber Technologies Company Profile

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.