Morse Asset Management Inc Buys 9,060 Shares of Uber Technologies, Inc. (NYSE:UBER)

Morse Asset Management Inc grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18,120.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,110 shares of the ride-sharing company's stock after acquiring an additional 9,060 shares during the quarter. Morse Asset Management Inc's holdings in Uber Technologies were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UBER. Navalign LLC increased its stake in Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after purchasing an additional 126 shares during the period. Grove Bank & Trust grew its position in shares of Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after buying an additional 133 shares during the last quarter. Forum Financial Management LP grew its position in shares of Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after buying an additional 136 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after buying an additional 138 shares during the last quarter. Finally, Amplius Wealth Advisors LLC grew its position in shares of Uber Technologies by 3.6% in the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after buying an additional 145 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. 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 quarter. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 0.1%

UBER opened at $90.57 on Friday. The stock's fifty day moving average is $89.22 and its two-hundred day moving average is $78.71. The company has a market capitalization of $189.40 billion, a P/E ratio of 15.86, a PEG ratio of 1.15 and a beta of 1.40. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.72. 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 (NYSE:UBER - Get Free Report) last released 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. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the business posted ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UBER. The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Roth Capital set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. lifted their price target on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Canaccord Genuity Group restated a "hold" rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Finally, TD Cowen dropped their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Twelve research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $97.63.

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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