Investment Partners Asset Management Inc. Makes New $280,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Investment Partners Asset Management Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,843 shares of the ride-sharing company's stock, valued at approximately $280,000.

Other institutional investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC boosted its position in Uber Technologies by 676,200.0% in the 1st quarter. Laurel Wealth Advisors LLC now owns 13,526 shares of the ride-sharing company's stock valued at $986,000 after buying an additional 13,524 shares during the period. Focus Financial Network Inc. bought a new position in Uber Technologies in the first quarter worth approximately $210,000. Donaldson Capital Management LLC purchased a new position in Uber Technologies during the 1st quarter worth $3,126,000. Bard Financial Services Inc. raised its position in Uber Technologies by 9.4% during the 1st quarter. Bard Financial Services Inc. now owns 14,275 shares of the ride-sharing company's stock valued at $1,040,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Northeast Investment Management lifted its holdings in shares of Uber Technologies by 31.0% in the 1st quarter. Northeast Investment Management now owns 34,112 shares of the ride-sharing company's stock worth $2,485,000 after buying an additional 8,064 shares during the period. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

UBER stock traded down $0.93 during midday trading on Thursday, reaching $85.65. The stock had a trading volume of 18,754,056 shares, compared to its average volume of 20,757,939. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company's fifty day simple moving average is $81.81 and its 200 day simple moving average is $73.89. The company has a market cap of $179.11 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm posted ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,384 shares of company stock worth $4,872,471 in the last ninety days. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Monday, May 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Stifel Nicolaus began coverage on shares of Uber Technologies in a research note on Wednesday. They issued a "buy" rating and a $110.00 price objective for the company. Finally, UBS Group upped their target price on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $94.39.

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.