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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors lifted its position in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Norges Bank acquired a new position in Uber Technologies during the 4th quarter worth approximately $1,467,754,000. Jennison Associates LLC boosted its holdings in Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares in the last quarter. Boston Partners bought a new position in Uber Technologies in the fourth quarter worth approximately $381,057,000. Finally, Toyota Motor Corp acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $309,192,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup increased their target price on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. KeyCorp raised their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. KGI Securities reiterated a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company lifted their price target on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $93.91.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

NYSE:UBER traded down $3.64 during trading hours on Thursday, hitting $84.62. The stock had a trading volume of 20,852,747 shares, compared to its average volume of 20,432,063. The company has a 50 day simple moving average of $79.01 and a two-hundred day simple moving average of $72.83. The firm has a market capitalization of $176.95 billion, a price-to-earnings ratio of 18.57, 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, Inc. has a one year low of $54.84 and a one year high of $93.60.

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

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.