50,906 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 50,906 shares of the ride-sharing company's stock, valued at approximately $3,709,000.

A number of other institutional investors have also recently bought and sold shares of the business. Princeton Capital Management LLC lifted its holdings in shares of Uber Technologies by 43.7% during the 1st quarter. Princeton Capital Management LLC now owns 19,937 shares of the ride-sharing company's stock worth $1,453,000 after acquiring an additional 6,064 shares during the period. Principle Wealth Partners LLC lifted its stake in Uber Technologies by 7.4% in the 1st quarter. Principle Wealth Partners LLC now owns 6,655 shares of the ride-sharing company's stock valued at $485,000 after purchasing an additional 460 shares during the last quarter. One Wealth Advisors LLC lifted its stake in Uber Technologies by 45.3% in the 1st quarter. One Wealth Advisors LLC now owns 4,822 shares of the ride-sharing company's stock valued at $351,000 after purchasing an additional 1,504 shares during the last quarter. Lifeworks Advisors LLC bought a new position in Uber Technologies in the 1st quarter valued at approximately $301,000. Finally, Journey Strategic Wealth LLC bought a new position in Uber Technologies in the 1st quarter valued at approximately $257,000. Institutional investors own 80.24% of the company's stock.

Insider Activity

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 value of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 1.1%

Shares of Uber Technologies stock traded up $1.02 during trading hours on Thursday, reaching $90.96. The company's stock had a trading volume of 23,426,765 shares, compared to its average volume of 16,032,229. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.71. The company has a market capitalization of $190.22 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.04 and a beta of 1.40. The stock's fifty day simple moving average is $89.30 and its two-hundred day simple moving average is $79.34. 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 announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.32) earnings per share. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

UBER has been the subject of several research reports. TD Cowen dropped their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Bank of America increased their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group upped their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $100.26.

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.