Uber Technologies, Inc. (NYSE:UBER) Stock Position Lifted by Maridea Wealth Management LLC

Key Points

• Maridea Wealth Management LLC increased its stake in Uber Technologies by 209.0% in Q1, acquiring an additional 14,554 shares, bringing its total holdings to 21,519 shares worth approximately $1.57 million.
• Insiders sold a combined total of 40,384 shares of Uber Technologies stock, valued at over $3.49 million, in the past three months, with 3.70% of the stock currently owned by insiders.
• Analysts have mixed ratings on Uber, with a consensus rating of "Moderate Buy" and a target price of $100.26, while some predict it will post an EPS of 2.54 for the current fiscal year.

Maridea Wealth Management LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 209.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,519 shares of the ride-sharing company's stock after purchasing an additional 14,554 shares during the quarter. Maridea Wealth Management LLC's holdings in Uber Technologies were worth $1,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Clark Capital Management Group Inc. raised its stake in shares of Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after acquiring an additional 399,008 shares in the last quarter. UMB Bank n.a. raised its position in shares of Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $1,875,000. Finally, APG Asset Management N.V. purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $84,687,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. Wall Street Zen upgraded Uber Technologies from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Needham & Company LLC raised their price target on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Barclays raised their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, KeyCorp boosted their price target on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Ten research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.71.

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 dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the 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 completion of the sale, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock worth $3,496,071 over the last 90 days. Company insiders own 3.70% of the company's stock.

Uber Technologies Stock Performance

UBER traded down $3.41 during trading on Tuesday, hitting $87.19. 24,941,633 shares of the stock were exchanged, compared to its average volume of 15,250,838. The firm has a market capitalization of $182.33 billion, a P/E ratio of 15.87, a PEG ratio of 1.04 and a beta of 1.40. 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 fifty day moving average price of $89.25 and a two-hundred day moving average price of $79.89. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.71.

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

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.