Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 58.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,062 shares of the ride-sharing company's stock after acquiring an additional 2,959 shares during the quarter. Parcion Private Wealth LLC's holdings in Uber Technologies were worth $587,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Transce3nd LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $27,000. Kozak & Associates Inc. lifted its holdings in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in Uber Technologies during the 1st quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Uber Technologies during the 4th quarter worth approximately $28,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider directly owned 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 disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock worth $3,496,071 over the last three months. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Up 0.1%

Shares of NYSE UBER traded up $0.07 during mid-day trading on Friday, reaching $90.57. The company had a trading volume of 14,207,666 shares, compared to its average volume of 21,154,403. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $189.40 billion, a P/E ratio of 15.86, a PEG ratio of 1.15 and a beta of 1.40. The firm has a 50 day simple moving average of $89.06 and a two-hundred day simple moving average of $78.37.

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

Wall Street Analyst Weigh In

UBER has been the topic of a number of research reports. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 target price (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Citigroup increased their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Roth Capital set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.63.

About Uber Technologies

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.