Longbow Finance SA lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 707.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,647 shares of the ride-sharing company's stock after purchasing an additional 202,083 shares during the period. Uber Technologies makes up about 2.0% of Longbow Finance SA's investment portfolio, making the stock its 12th biggest position. Longbow Finance SA's holdings in Uber Technologies were worth $16,805,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% in the fourth 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% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in Uber Technologies in the fourth quarter valued at approximately $395,000. Congress Wealth Management LLC DE increased its stake in Uber Technologies by 65.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 28,999 shares of the ride-sharing company's stock valued at $1,749,000 after purchasing an additional 11,466 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in Uber Technologies by 29.4% in the fourth quarter. Ausdal Financial Partners Inc. now owns 9,426 shares of the ride-sharing company's stock valued at $569,000 after purchasing an additional 2,143 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have commented on UBER shares. KeyCorp upped their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Sanford C. Bernstein upped their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday. DA Davidson upped their target price 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. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock 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. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $100.26.
Read Our Latest Stock Analysis on UBER
Uber Technologies Stock Performance
Shares of NYSE UBER traded up $0.44 during mid-day trading on Friday, reaching $91.31. 13,845,668 shares of the company were exchanged, compared to its average volume of 16,021,651. The company's 50-day simple moving average is $89.29 and its 200-day simple moving average is $79.51. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $190.94 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.05 and a beta of 1.40. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.71.
Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $11.61 billion. During the same quarter in the previous year, the company earned ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.
Insider Activity
In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm's 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 transaction, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's 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 transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock valued at $3,496,071 in the last quarter. Corporate insiders own 3.84% of the company's stock.
About Uber Technologies
(
Free Report)
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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