Hemenway Trust Co LLC Buys Shares of 47,211 Uber Technologies, Inc. (NYSE:UBER)

Hemenway Trust Co LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 47,211 shares of the ride-sharing company's stock, valued at approximately $3,440,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors lifted its stake in 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 valued at $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Norges Bank acquired a new stake in shares of Uber Technologies in the 4th quarter worth about $1,467,754,000. Boston Partners bought a new stake in Uber Technologies in the 4th quarter valued at about $381,057,000. Toyota Motor Corp acquired a new position in Uber Technologies during the 4th quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in Uber Technologies during the 4th quarter valued at about $298,644,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

UBER stock opened at $84.71 on Wednesday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The firm has a 50-day moving average of $82.83 and a two-hundred day moving average of $74.17. The firm has a market capitalization of $177.14 billion, a PE ratio of 14.84, a P/E/G ratio of 1.08 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated 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 in the company, valued at $1,662,150. This represents a 11.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock valued at $3,441,071 in the last three months. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UBER shares. Loop Capital reaffirmed a "buy" rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Barclays lifted their target price on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. DA Davidson raised their price target on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $94.39.

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.

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