Hohimer Wealth Management LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Hohimer Wealth Management LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,181 shares of the ride-sharing company's stock, valued at approximately $669,000.

A number of other large investors also recently bought and sold shares of UBER. Vanguard Group Inc. increased its position in Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after acquiring an additional 2,364,525 shares during the period. Capital Research Global Investors increased its position in 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 acquiring an additional 52,125,476 shares during the period. Geode Capital Management LLC increased its position in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after acquiring an additional 1,061,088 shares during the period. Capital World Investors boosted its stake in Uber Technologies by 10.1% during 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 purchasing an additional 2,792,039 shares in the last quarter. Finally, Norges Bank bought a new position in Uber Technologies during the 4th quarter valued at $1,467,754,000. Institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were 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 directly owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. 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 stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,384 shares of company stock valued at $3,496,071. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Uber Technologies in a research note on Wednesday, June 11th. They set a "buy" rating and a $110.00 price target for the company. Citigroup raised their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. DA Davidson raised their price objective on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Tigress Financial set a $110.00 target price on Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $96.12.

Uber Technologies Price Performance

UBER opened at $95.36 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.72. The company has a fifty day simple moving average of $88.47 and a 200 day simple moving average of $77.75. The stock has a market cap of $199.41 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.21 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results 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. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) EPS. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies Company 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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