Uber Technologies, Inc. (NYSE:UBER) Stock Position Increased by Praxis Investment Management Inc.

Praxis Investment Management Inc. increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,480 shares of the ride-sharing company's stock after purchasing an additional 2,990 shares during the period. Praxis Investment Management Inc.'s holdings in Uber Technologies were worth $3,678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clark Capital Management Group Inc. grew its stake in shares of Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares in the last quarter. UMB Bank n.a. boosted its stake in Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after acquiring an additional 3,073 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. acquired a new position in Uber Technologies in the fourth quarter valued at $1,875,000. Finally, APG Asset Management N.V. acquired a new position in Uber Technologies in the fourth quarter valued at $84,687,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on 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 sale, the insider now owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction 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 business'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 sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

NYSE:UBER traded up $0.29 during midday trading on Friday, reaching $83.73. 27,456,507 shares of the company traded hands, compared to its average volume of 20,893,272. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The firm has a market capitalization of $175.09 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.06 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company has a fifty day moving average price of $83.53 and a 200 day moving average price of $74.39.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on UBER. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 7th. KeyCorp upped their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Bank of America upped their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Truist Financial upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a report on Wednesday, April 16th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus 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.