ORG Partners LLC Acquires 3,616 Shares of Uber Technologies, Inc. (NYSE:UBER)

ORG Partners LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 525.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,304 shares of the ride-sharing company's stock after buying an additional 3,616 shares during the period. ORG Partners LLC's holdings in Uber Technologies were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter valued at $27,000. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares in the last quarter. Perkins Coie Trust Co lifted its stake in shares of Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at $27,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $83.73 on Friday. 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 capitalization of $175.09 billion, a PE ratio of 14.66, a P/E/G ratio of 1.06 and a beta of 1.38. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The company has a 50-day moving average price of $83.53 and a two-hundred day moving average price of $74.39.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.32) earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were 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 trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the firm'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 transaction of $3,001,070.52. Following the completion of the transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on UBER shares. KGI Securities reiterated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $94.39.

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.

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