Hamilton Lane Advisors LLC Buys New Stake in Uber Technologies, Inc. (NYSE:UBER)

Hamilton Lane Advisors LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 29,765 shares of the ride-sharing company's stock, valued at approximately $2,169,000. Uber Technologies makes up approximately 1.9% of Hamilton Lane Advisors LLC's investment portfolio, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Navalign LLC boosted its holdings in Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after purchasing an additional 126 shares during the last quarter. Welch & Forbes LLC grew its holdings in Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after purchasing an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in shares of 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 worth $282,000 after acquiring an additional 150 shares during the last quarter. United Advisor Group LLC raised its stake in Uber Technologies by 3.6% in the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock valued at $263,000 after acquiring an additional 153 shares during the period. Finally, Fairfield Financial Advisors LTD lifted its holdings in Uber Technologies by 34.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm's stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders 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

Several analysts recently weighed in on UBER shares. TD Cowen dropped 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. UBS Group upped their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Loop Capital reissued a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. DA Davidson raised their target price on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Raymond James increased their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.91.

Uber Technologies Trading Up 1.2%

NYSE UBER traded up $1.00 during trading on Wednesday, hitting $83.53. The company had a trading volume of 20,046,961 shares, compared to its average volume of 20,617,146. The company's fifty day moving average is $79.68 and its 200-day moving average is $73.17. 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 company has a market cap of $174.68 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. 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 results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the prior year, the company posted ($0.32) earnings per share. The business's revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side 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.