3,201 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Foster Group Inc.

Foster Group Inc. bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,201 shares of the ride-sharing company's stock, valued at approximately $233,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avion Wealth grew its stake in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. increased its position in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after buying an additional 223 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

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

Wall Street Analysts Forecast Growth

UBER has been the topic of several research reports. Wells Fargo & Company upped their target price on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. KeyCorp upped their target price on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. TD Cowen decreased their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, KGI Securities reiterated a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Twelve 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $93.91.

Uber Technologies Trading Up 1.1%

Uber Technologies stock traded up $0.93 during trading hours on Friday, reaching $85.60. 28,140,231 shares of the company's stock were exchanged, compared to its average volume of 20,713,389. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm's 50 day simple moving average is $80.38 and its 200 day simple moving average is $73.46. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The firm has a market capitalization of $179.00 billion, a PE ratio of 18.77, a PEG ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results 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. 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 for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business posted ($0.32) EPS. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.