Montrusco Bolton Investments Inc. Buys 418,522 Shares of Uber Technologies, Inc. (NYSE:UBER)

Montrusco Bolton Investments Inc. grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,263,818 shares of the ride-sharing company's stock after acquiring an additional 418,522 shares during the period. Uber Technologies accounts for 3.1% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 13th largest holding. Montrusco Bolton Investments Inc. owned about 0.16% of Uber Technologies worth $232,133,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Transce3nd LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies in the 4th quarter worth approximately $27,000. Kozak & Associates Inc. raised its position in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new position in Uber Technologies in the 1st quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Uber Technologies in the 4th quarter worth approximately $28,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UBER. Wells Fargo & Company boosted their price objective on shares of Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial cut shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Finally, Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price objective for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Thirteen investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.63.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% 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 $3,496,071 over the last ninety days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Up 0.1%

Shares of UBER stock traded up $0.07 on Friday, hitting $90.57. The stock had a trading volume of 14,207,666 shares, compared to its average volume of 21,154,413. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72. The firm has a market cap of $189.40 billion, a P/E ratio of 15.86, a PEG ratio of 1.15 and a beta of 1.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $89.06 and a two-hundred day moving average price of $78.37.

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 the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) EPS. The firm's revenue was up 13.8% on a year-over-year basis. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies 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.