Kiley Juergens Wealth Management LLC Buys 7,031 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kiley Juergens Wealth Management LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 24.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,348 shares of the ride-sharing company's stock after purchasing an additional 7,031 shares during the quarter. Kiley Juergens Wealth Management LLC's holdings in Uber Technologies were worth $2,575,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Capital Research Global Investors lifted its position in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Norges Bank bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,467,754,000. Boston Partners bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $381,057,000. Toyota Motor Corp bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $298,644,000. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred 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. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,384 shares of company stock worth $3,441,071. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

NYSE UBER opened at $84.71 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $177.14 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.08 and a beta of 1.38. The company has a fifty day moving average of $82.83 and a 200-day moving average of $74.17. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60.

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 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the firm posted ($0.32) earnings per share. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on UBER. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Piper Sandler restated an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Truist Financial raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Cantor Fitzgerald restated an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average 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.

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