Nwam LLC Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Nwam LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 30.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,257 shares of the ride-sharing company's stock after buying an additional 3,105 shares during the quarter. Nwam LLC's holdings in Uber Technologies were worth $966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in UBER. Clark Capital Management Group Inc. increased its stake in Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after acquiring an additional 399,008 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the period. Mufg Securities Americas Inc. purchased a new position in Uber Technologies during the 4th quarter valued at $1,875,000. Finally, APG Asset Management N.V. purchased a new position in Uber Technologies during the 4th quarter valued at $84,687,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UBER. Wells Fargo & Company upped their target price on Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. The Goldman Sachs Group upped their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays upped their target price on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Stifel Nicolaus began coverage on Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 target price for the company. Finally, Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and upped their target price for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Twelve investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.63.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the insider directly owned 102,135 shares of the company's stock, valued at approximately $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 valued at $3,496,071 over the last three months. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 0.1%

NYSE:UBER traded up $0.07 on Friday, reaching $90.57. The company's stock had a trading volume of 14,207,666 shares, compared to its average volume of 21,184,622. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month 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. The firm has a market cap of $189.40 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The stock has a 50 day moving average price of $89.22 and a 200 day moving average price of $78.58.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results 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. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.32) EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS 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.