Marest Capital LLC Takes $710,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Marest Capital LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 9,738 shares of the ride-sharing company's stock, valued at approximately $710,000. Uber Technologies comprises 0.6% of Marest Capital LLC's investment portfolio, making the stock its 13th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% during 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. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 0.5%

UBER opened at $84.71 on Wednesday. The stock 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. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The firm's fifty day simple moving average is $82.83 and its 200 day simple moving average is $74.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

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 the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations 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 was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.32) EPS. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UBER shares. Piper Sandler restated an "overweight" rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Raymond James Financial raised their target price on Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 8th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Loop Capital reiterated a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, UBS Group boosted their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $94.39.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on 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 sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,384 shares of company stock valued at $3,441,071. 3.70% of the stock is owned by corporate insiders.

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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