New England Research & Management Inc. Boosts Position in Uber Technologies, Inc. (NYSE:UBER)

New England Research & Management Inc. increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 137.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,638 shares of the ride-sharing company's stock after buying an additional 25,263 shares during the quarter. Uber Technologies accounts for 1.6% of New England Research & Management Inc.'s portfolio, making the stock its 16th largest position. New England Research & Management Inc.'s holdings in Uber Technologies were worth $3,179,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. Capital Research Global Investors increased its stake in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Geode Capital Management LLC increased its stake in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors increased its stake in Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Norges Bank purchased a new position in Uber Technologies in the 4th quarter worth approximately $1,467,754,000. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Raymond James lifted their price target on Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 8th. KeyCorp boosted their target price on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Finally, TD Cowen reduced their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Eleven research 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 data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $94.39.

Uber Technologies Stock Down 2.1%

Uber Technologies stock traded down $1.81 during mid-day trading on Friday, hitting $83.81. The company had a trading volume of 17,974,278 shares, compared to its average volume of 20,798,681. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock's 50 day moving average price is $82.19 and its two-hundred day moving average price is $73.99. 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 $175.26 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38.

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 firm had revenue of $11.53 billion for 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 company's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted ($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

In other news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock valued at $3,441,071 over the last ninety days. 3.84% of the stock is currently owned by corporate insiders.

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.