Fort Washington Investment Advisors Inc. OH Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Fort Washington Investment Advisors Inc. OH bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 532,117 shares of the ride-sharing company's stock, valued at approximately $38,770,000.

A number of other large investors have also recently modified their holdings of UBER. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $27,000. Kozak & Associates Inc. boosted its holdings in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares in the last quarter. Finally, Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter valued at $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $0.93 during trading on Thursday, hitting $85.65. The stock had a trading volume of 18,754,056 shares, compared to its average volume of 20,757,930. The firm has a market cap of $179.11 billion, a price-to-earnings ratio of 18.78, a P/E/G 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 moving average is $81.40 and its 200 day moving average is $73.80. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The business 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 62.60% and a net margin of 22.41%. The firm's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. UBS Group raised their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Citigroup raised their price objective on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. TD Cowen cut their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Finally, Stifel Nicolaus began coverage on Uber Technologies in a report on Wednesday. They set a "buy" rating and a $110.00 target price on the stock. Twelve 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.39.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,384 shares of company stock valued at $4,872,471 over the last 90 days. 3.84% of the stock is owned by insiders.

Uber Technologies 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.