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

Forum Financial Management LP grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 51.4% during the fourth quarter, according to its most recent 13F 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Navalign LLC increased its holdings in shares of Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after acquiring an additional 126 shares in the last quarter. Welch & Forbes LLC increased its stake in Uber Technologies by 3.9% during the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after purchasing an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its stake in Uber Technologies by 3.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after purchasing an additional 150 shares in the last quarter. Drive Wealth Management LLC raised its holdings in Uber Technologies by 3.1% during the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock worth $312,000 after buying an additional 155 shares during the last quarter. Finally, Institute for Wealth Management LLC. lifted its stake in shares of Uber Technologies by 2.4% in the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock valued at $398,000 after buying an additional 155 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were 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 now owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, May 5th. The shares were 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 in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock worth $6,517,070 in the last three months. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

UBER stock traded down $0.61 during mid-day trading on Wednesday, reaching $88.39. 13,686,513 shares of the company traded hands, compared to its average volume of 20,402,776. The company has a fifty day moving average price of $78.76 and a 200-day moving average price of $72.73. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company has a market capitalization of $184.84 billion, a P/E ratio of 19.38, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the previous year, the company earned ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Bank of America increased their price target on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. KGI Securities reaffirmed a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a report on Wednesday, April 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.91.

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.