MassMutual Private Wealth & Trust FSB Grows Stake in Uber Technologies, Inc. (NYSE:UBER)

MassMutual Private Wealth & Trust FSB raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,888 shares of the ride-sharing company's stock after purchasing an additional 3,781 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Uber Technologies were worth $1,886,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Avion Wealth increased its holdings in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Transce3nd LLC bought a new stake in Uber Technologies during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies during the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies during the fourth quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. grew its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UBER shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Piper Sandler reiterated an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Raymond James boosted their price target on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Citigroup raised their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $93.91.

Uber Technologies Stock Down 0.4%

NYSE:UBER traded down $0.30 on Friday, hitting $84.00. The stock had a trading volume of 29,036,834 shares, compared to its average volume of 20,577,683. The business's fifty day moving average is $79.17 and its 200 day moving average is $72.92. The company has a market cap of $175.66 billion, a PE ratio of 18.42, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.32) earnings per share. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.