Monte Financial Group LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Monte Financial Group LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,280 shares of the ride-sharing company's stock, valued at approximately $247,000.

Several other large investors also recently made changes to their positions in the stock. Capital Research Global Investors raised its position in 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 in the last quarter. Norges Bank acquired a new position in shares of Uber Technologies during the 4th quarter worth about $1,467,754,000. Boston Partners bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $381,057,000. Toyota Motor Corp acquired a new stake in Uber Technologies in the 4th quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Uber Technologies in the 4th quarter valued at about $298,644,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated 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 owns 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on 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 directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group boosted their price target on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. The Goldman Sachs Group lifted their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.

Uber Technologies Trading Up 0.3%

Shares of Uber Technologies stock opened at $83.73 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The company has a market capitalization of $175.09 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.06 and a beta of 1.38. The firm's 50-day moving average price is $83.53 and its two-hundred day moving average price is $74.39.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results 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 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%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior 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 fiscal year.

About Uber Technologies

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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