Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,335 shares of the ride-sharing company's stock after acquiring an additional 4,484 shares during the quarter. HighPoint Advisor Group LLC's holdings in Uber Technologies were worth $4,315,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UBER. Capital Research Global Investors raised its holdings in shares of Uber Technologies by 79.0% in the 4th 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 purchasing an additional 52,125,476 shares in the last quarter. Norges Bank bought a new position in Uber Technologies in the fourth quarter worth approximately $1,467,754,000. Toyota Motor Corp purchased a new stake in Uber Technologies during the fourth quarter worth $309,192,000. Jericho Capital Asset Management L.P. bought a new stake in Uber Technologies during the 4th quarter valued at $298,644,000. Finally, Capital World Investors increased its holdings in shares of Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after acquiring an additional 2,792,039 shares during the period. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UBER. Roth Capital set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research report on Monday, July 14th. Citigroup increased their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Stifel Nicolaus assumed coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They set a "buy" rating and a $110.00 target price on the stock. Needham & Company LLC set a $109.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, TD Cowen dropped their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Twelve research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $98.53.

Uber Technologies Stock Performance

Shares of UBER stock traded up $0.57 during trading hours on Monday, reaching $91.16. The company had a trading volume of 12,128,198 shares, compared to its average volume of 21,148,979. The firm has a market cap of $190.64 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The business has a fifty day moving average price of $89.22 and a 200-day moving average price of $78.82. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping 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 company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm posted ($0.32) earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a 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 sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock valued at $3,496,071. Insiders own 3.70% of the company's stock.

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.