Herbst Group LLC Purchases Shares of 11,100 Uber Technologies, Inc. (NYSE:UBER)

Herbst Group LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,100 shares of the ride-sharing company's stock, valued at approximately $809,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in UBER. Brighton Jones LLC boosted its position in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Trust Point Inc. raised its stake in shares of Uber Technologies by 11.0% during the 4th quarter. Trust Point Inc. now owns 4,676 shares of the ride-sharing company's stock worth $282,000 after buying an additional 464 shares during the period. Mather Group LLC. raised its stake in shares of Uber Technologies by 12.2% during the 4th quarter. Mather Group LLC. now owns 6,010 shares of the ride-sharing company's stock worth $362,000 after buying an additional 653 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Uber Technologies by 1.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 73,752 shares of the ride-sharing company's stock worth $4,449,000 after buying an additional 1,271 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 1.1%

Shares of NYSE UBER traded up $0.93 during mid-day trading on Friday, reaching $85.60. 28,140,231 shares of the company's stock were exchanged, compared to its average volume of 20,713,199. The firm has a market capitalization of $179.00 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company's 50-day moving average is $80.13 and its 200-day moving average is $73.35.

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 for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the business posted ($0.32) EPS. The company's revenue was up 13.8% compared to the same quarter last year. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UBER shares. Barclays upped their target price on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, KeyCorp increased their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $93.91.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock worth $6,517,070 in the last three months. 3.84% of the stock is owned by company insiders.

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.