Mission Wealth Management LP Has $1.88 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Mission Wealth Management LP grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 224.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,781 shares of the ride-sharing company's stock after purchasing an additional 17,826 shares during the quarter. Mission Wealth Management LP's holdings in Uber Technologies were worth $1,878,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Capital Research Global Investors raised its position in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares during the last quarter. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at approximately $1,467,754,000. Boston Partners bought a new stake in shares of Uber Technologies during the fourth quarter worth $381,057,000. Toyota Motor Corp acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Uber Technologies in the 4th quarter valued at approximately $298,644,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 1.4%

Shares of UBER opened at $85.10 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The stock has a market capitalization of $177.95 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 0.89 and a beta of 1.38. The stock has a fifty day moving average of $82.60 and a 200-day moving average of $74.09.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results 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 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 business's quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned ($0.32) earnings per share. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,441,071 in the last quarter. 3.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent research reports. Piper Sandler restated an "overweight" rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Truist Financial upped their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Stifel Nicolaus began coverage on Uber Technologies in a research note on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Finally, 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. Eleven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.39.

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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