Forum Financial Management LP Acquires 3,674 Shares of Uber Technologies, Inc. (NYSE:UBER)

Forum Financial Management LP boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 51.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,820 shares of the ride-sharing company's stock after purchasing an additional 3,674 shares during the quarter. Forum Financial Management LP's holdings in Uber Technologies were worth $653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Grassi Investment Management grew its stake in shares of Uber Technologies by 0.5% in the fourth quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company's stock worth $5,907,000 after purchasing an additional 500 shares in the last quarter. Secure Asset Management LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at about $288,000. Brighton Jones LLC grew its position in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in Uber Technologies by 11.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 4,213 shares of the ride-sharing company's stock valued at $254,000 after buying an additional 420 shares in the last quarter. Finally, RFG Advisory LLC increased its stake in Uber Technologies by 14.3% during the 4th quarter. RFG Advisory LLC now owns 21,904 shares of the ride-sharing company's stock valued at $1,321,000 after buying an additional 2,748 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the 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 sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on UBER shares. Loop Capital reissued a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price objective for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $93.91.

Uber Technologies Stock Up 1.4%

Shares of UBER traded up $1.25 during trading hours on Tuesday, hitting $89.00. 17,434,956 shares of the company were exchanged, compared to its average volume of 20,428,850. The company has a market cap of $186.11 billion, a PE ratio of 19.52, a PEG ratio of 0.89 and a beta of 1.43. The firm's 50 day moving average is $78.47 and its 200-day moving average is $72.61. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. 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 quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate 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 company posted ($0.32) EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.