Marietta Wealth Management LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Marietta Wealth Management LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 49,799 shares of the ride-sharing company's stock, valued at approximately $3,628,000.

A number of other large investors also recently modified their holdings of the company. Perfromance Wealth Partners LLC increased its position in shares of Uber Technologies by 16.4% in the 1st quarter. Perfromance Wealth Partners LLC now owns 7,722 shares of the ride-sharing company's stock valued at $563,000 after purchasing an additional 1,090 shares during the last quarter. Worth Financial Advisory Group LLC increased its position in shares of Uber Technologies by 18.7% in the 1st quarter. Worth Financial Advisory Group LLC now owns 28,986 shares of the ride-sharing company's stock valued at $2,112,000 after purchasing an additional 4,575 shares during the last quarter. Mizuho Securities Co. Ltd. increased its position in shares of Uber Technologies by 100.4% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 5,030 shares of the ride-sharing company's stock valued at $366,000 after purchasing an additional 2,520 shares during the last quarter. PFG Investments LLC increased its position in shares of Uber Technologies by 6.3% in the 1st quarter. PFG Investments LLC now owns 42,235 shares of the ride-sharing company's stock valued at $3,077,000 after purchasing an additional 2,510 shares during the last quarter. Finally, Rockline Wealth Management LLC increased its position in shares of Uber Technologies by 15.0% in the 1st quarter. Rockline Wealth Management LLC now owns 18,136 shares of the ride-sharing company's stock valued at $1,321,000 after purchasing an additional 2,371 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Uber Technologies stock traded up $0.29 during trading hours on Friday, reaching $83.73. 27,456,507 shares of the stock were exchanged, compared to its average volume of 20,893,272. The stock has a market cap of $175.09 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.06 and a beta of 1.38. 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 $93.60. The firm's 50 day moving average is $83.53 and its 200 day moving average is $74.39.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UBER shares. KGI Securities restated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Barclays upped their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. KeyCorp upped their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, 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 report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.

Insiders Place Their Bets

In other news, 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now owns 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

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.