NTV Asset Management LLC Acquires 4,109 Shares of Uber Technologies, Inc. (NYSE:UBER)

NTV Asset Management LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,987 shares of the ride-sharing company's stock after acquiring an additional 4,109 shares during the quarter. NTV Asset Management LLC's holdings in Uber Technologies were worth $1,383,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UBER. Hourglass Capital LLC acquired a new position in Uber Technologies during the first quarter worth $416,000. Alpha Cubed Investments LLC acquired a new stake in shares of Uber Technologies during the first quarter worth about $230,000. Crossmark Global Holdings Inc. increased its position in Uber Technologies by 10.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 97,759 shares of the ride-sharing company's stock valued at $7,123,000 after acquiring an additional 9,544 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in Uber Technologies by 21.7% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 71,462 shares of the ride-sharing company's stock valued at $5,207,000 after acquiring an additional 12,727 shares during the period. Finally, Financial Counselors Inc. purchased a new stake in Uber Technologies in the 1st quarter valued at approximately $246,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 sale, the chief financial officer owned 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction 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 sale, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Stock Up 0.9%

Shares of NYSE UBER traded up $0.84 during trading hours on Tuesday, hitting $97.52. The company had a trading volume of 20,566,899 shares, compared to its average volume of 21,179,527. The stock has a market capitalization of $203.93 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40. 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 1-year low of $54.84 and a 1-year high of $97.72. The firm's 50 day moving average is $87.27 and its 200-day moving average is $76.78.

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, beating the consensus estimate 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 return on equity of 66.46% and a net margin of 27.07%. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UBER. KGI Securities restated a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. TD Cowen decreased their price target 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. UBS Group raised their price target on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. KeyCorp raised their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company raised their price target on Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a research note on Monday. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $95.97.

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.