Lbp Am Sa Acquires 97,823 Shares of Uber Technologies, Inc. (NYSE:UBER)

LBP AM SA boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,211,730 shares of the ride-sharing company's stock after purchasing an additional 97,823 shares during the period. Uber Technologies comprises about 1.4% of LBP AM SA's portfolio, making the stock its 14th largest holding. LBP AM SA owned 0.06% of Uber Technologies worth $88,287,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UBER. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the 1st quarter valued at about $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the period. GPS Wealth Strategies Group LLC grew its position in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 299 shares during the period. Perkins Coie Trust Co grew its position in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 306 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies in the 4th quarter valued at about $27,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 1.1%

Shares of NYSE:UBER traded down $1.04 during trading on Friday, reaching $95.36. The stock had a trading volume of 12,442,436 shares, compared to its average volume of 21,206,819. The firm's fifty day moving average is $88.47 and its 200 day moving average is $77.53. 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, Inc. has a 52 week low of $54.84 and a 52 week high of $97.72. The stock has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 1.22 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the firm posted ($0.32) EPS. The company's quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider owned 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. Over the last ninety days, insiders sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on UBER shares. Wells Fargo & Company lifted their price objective on shares of Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. TD Cowen reduced their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday. Finally, UBS Group lifted their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.12.

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.