Oppenheimer & Co. Inc. Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Oppenheimer & Co. Inc. increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 51.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 250,062 shares of the ride-sharing company's stock after acquiring an additional 84,525 shares during the period. Oppenheimer & Co. Inc.'s holdings in Uber Technologies were worth $18,220,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Kozak & Associates Inc. boosted its stake in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new position in Uber Technologies in the 1st quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies in the fourth quarter worth $28,000. Institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UBER. Stifel Nicolaus initiated coverage on Uber Technologies in a research note on Wednesday, June 11th. They set a "buy" rating and a $110.00 price objective on the stock. The Goldman Sachs Group raised their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. DA Davidson boosted their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Truist Financial raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Wells Fargo & Company upped their price target on shares of Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.39.

Uber Technologies Price Performance

UBER stock opened at $83.73 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day moving average price of $83.53 and a 200-day moving average price of $74.47. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The firm has a market capitalization of $175.09 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.07 and a beta of 1.38.

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 analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion for 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%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.32) earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 completion of the sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

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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