Foster Victor Wealth Advisors LLC Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Foster Victor Wealth Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 169,185 shares of the ride-sharing company's stock after purchasing an additional 9,824 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Uber Technologies were worth $12,229,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $1,467,754,000. Boston Partners acquired a new position in Uber Technologies in the 4th quarter worth about $381,057,000. Toyota Motor Corp acquired a new position in Uber Technologies in the 4th quarter worth about $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in Uber Technologies in the 4th quarter worth about $298,644,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. KeyCorp upped their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. The Goldman Sachs Group upped their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. TD Cowen reduced their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Arete Research raised Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Finally, Raymond James upped their price target on Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's 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 approximately $1,662,150. This represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,441,071 over the last ninety days. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 2.1%

Uber Technologies stock traded down $1.81 during mid-day trading on Friday, hitting $83.81. The company's stock had a trading volume of 17,974,278 shares, compared to its average volume of 20,798,681. The firm has a market capitalization of $175.26 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock's fifty day moving average is $82.19 and its two-hundred day moving average is $73.99.

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