Portside Wealth Group LLC Acquires Shares of 3,674 Uber Technologies, Inc. (NYSE:UBER)

Portside Wealth Group LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,674 shares of the ride-sharing company's stock, valued at approximately $268,000.

Several other hedge funds have also recently bought and sold shares of UBER. Avion Wealth increased its stake in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the period. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies during the 4th quarter worth about $28,000. Finally, Perkins Coie Trust Co raised its stake in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 306 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the topic of several research reports. Barclays increased their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus initiated coverage on shares of Uber Technologies in a research note on Wednesday. They issued a "buy" rating and a $110.00 price target for the company. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 7th. Twelve analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.39.

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,384 shares of company stock worth $4,872,471 over the last 90 days. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER traded down $1.47 on Thursday, reaching $85.11. The stock had a trading volume of 5,845,623 shares, compared to its average volume of 20,723,861. The company has a market cap of $177.98 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The firm has a fifty day moving average of $81.40 and a two-hundred day moving average of $73.80. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping 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 company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current 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.