Independent Investors Inc. Buys Shares of 9,015 Uber Technologies, Inc. (NYSE:UBER)

Independent Investors Inc. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,015 shares of the ride-sharing company's stock, valued at approximately $657,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UBER. Navalign LLC grew its stake in shares of Uber Technologies by 0.5% during the 4th 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 period. Grove Bank & Trust grew its stake in shares of Uber Technologies by 0.9% during the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after purchasing an additional 133 shares during the period. Amplius Wealth Advisors LLC grew its stake in shares of Uber Technologies by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after purchasing an additional 145 shares during the period. United Advisor Group LLC grew 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, American Financial Advisors LLC grew its stake in Uber Technologies by 3.0% in the 1st quarter. American Financial Advisors LLC now owns 5,401 shares of the ride-sharing company's stock valued at $394,000 after acquiring an additional 155 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UBER shares. The Goldman Sachs Group lifted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus started coverage on shares of Uber Technologies in a research note on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. DA Davidson lifted their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Bank of America lifted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $96.12.

Uber Technologies Trading Down 1.1%

UBER traded down $1.04 on Friday, hitting $95.36. The company had a trading volume of 12,442,436 shares, compared to its average volume of 21,206,819. The firm has a market cap of $199.41 billion, a P/E ratio of 16.70, a PEG ratio of 1.22 and a beta of 1.40. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.72. The company's fifty day moving average price is $88.47 and its 200 day moving average price is $77.53. 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 issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. Uber Technologies's revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) EPS. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 completion of the transaction, the insider directly owned 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. Over the last 90 days, insiders sold 40,384 shares of company stock worth $3,496,071. 3.84% of the stock is owned by insiders.

About Uber Technologies

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.