Matrix Trust Co Acquires New Position in Uber Technologies, Inc. (NYSE:UBER)

Matrix Trust Co acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,038 shares of the ride-sharing company's stock, valued at approximately $221,000.

A number of other institutional investors have also recently made changes to their positions in the business. Clare Market Investments LLC grew its holdings in Uber Technologies by 80.6% during the 1st quarter. Clare Market Investments LLC now owns 72,873 shares of the ride-sharing company's stock worth $5,310,000 after acquiring an additional 32,517 shares in the last quarter. Secure Asset Management LLC grew its holdings in Uber Technologies by 47.6% during the 1st quarter. Secure Asset Management LLC now owns 7,058 shares of the ride-sharing company's stock worth $514,000 after acquiring an additional 2,277 shares in the last quarter. Key Client Fiduciary Advisors LLC grew its holdings in Uber Technologies by 25.5% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 5,243 shares of the ride-sharing company's stock worth $382,000 after acquiring an additional 1,064 shares in the last quarter. Veracity Capital LLC acquired a new position in Uber Technologies during the 1st quarter worth approximately $348,000. Finally, Firethorn Wealth Partners LLC grew its holdings in Uber Technologies by 188.0% during the 1st quarter. Firethorn Wealth Partners LLC now owns 10,419 shares of the ride-sharing company's stock worth $759,000 after acquiring an additional 6,801 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 1.4%

Shares of Uber Technologies stock opened at $84.62 on Friday. The firm has a fifty day moving average of $80.13 and a two-hundred day moving average of $73.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a market cap of $176.96 billion, a P/E ratio of 18.56, a PEG ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The business 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 22.41% and a return on equity of 62.60%. The business's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.32) EPS. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other news, insider Tony West sold 23,404 shares of the stock in a transaction dated 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 owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00% 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 firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock worth $6,517,070 in the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their target price for the company from $80.00 to $85.00 in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. Finally, Evercore ISI dropped their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.91.

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.

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