Joel Isaacson & Co. LLC Buys 4,200 Shares of Uber Technologies, Inc. (NYSE:UBER)

Joel Isaacson & Co. LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 106.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,136 shares of the ride-sharing company's stock after buying an additional 4,200 shares during the quarter. Joel Isaacson & Co. LLC's holdings in Uber Technologies were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Brighton Jones LLC grew its holdings in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies in the fourth quarter valued at about $395,000. Verus Capital Partners LLC increased its holdings in shares of Uber Technologies by 55.5% in the fourth quarter. Verus Capital Partners LLC now owns 4,990 shares of the ride-sharing company's stock worth $301,000 after acquiring an additional 1,782 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth about $1,314,000. Institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Uber Technologies Stock Down 1.7%

UBER stock opened at $91.54 on Monday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $94.38. The business's 50 day simple moving average is $85.16 and its 200 day simple moving average is $75.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $191.43 billion, a PE ratio of 16.03, a PEG ratio of 1.16 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $11.53 billion for 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 company's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBER. TD Cowen decreased their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. 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. Canaccord Genuity Group reissued a "hold" rating and set a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a research report on Friday. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Finally, Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Twelve investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $94.85.

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.

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