Oak Family Advisors LLC Boosts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Oak Family Advisors LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 64,291 shares of the ride-sharing company's stock after acquiring an additional 5,685 shares during the period. Uber Technologies makes up about 1.6% of Oak Family Advisors LLC's holdings, making the stock its 20th largest holding. Oak Family Advisors LLC's holdings in Uber Technologies were worth $4,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Allworth Financial LP lifted its position in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after buying an additional 1,663 shares during the last quarter. Clark Capital Management Group Inc. raised its stake in shares of 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 valued at $24,280,000 after acquiring an additional 399,008 shares during the period. MFG Wealth Management Inc. acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $1,997,000. UMB Bank n.a. boosted its position in shares of Uber Technologies by 33.6% during 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. Finally, TigerOak Management L.L.C. acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $1,278,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated 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 now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

UBER traded down $0.69 during trading on Tuesday, hitting $86.43. The stock had a trading volume of 24,462,965 shares, compared to its average volume of 20,763,614. The firm has a market capitalization of $180.73 billion, a P/E ratio of 18.95, a PEG ratio of 0.89 and a beta of 1.38. The company's 50-day moving average price is $80.63 and its 200 day moving average price is $73.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60.

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. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm posted ($0.32) EPS. The business's revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on UBER. Citigroup upped their price target on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Piper Sandler reiterated an "overweight" rating and issued a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Loop Capital restated a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. The Goldman Sachs Group lifted their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $93.91.

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.