QRG Capital Management Inc. Has $21.17 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

QRG Capital Management Inc. lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 290,573 shares of the ride-sharing company's stock after purchasing an additional 16,062 shares during the quarter. QRG Capital Management Inc.'s holdings in Uber Technologies were worth $21,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies in the 1st quarter valued at $27,000. Kozak & Associates Inc. boosted its position 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 during the period. GPS Wealth Strategies Group LLC boosted its position in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the period. Perkins Coie Trust Co boosted its position in Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 306 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $83.81 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business's 50 day moving average is $82.19 and its two-hundred day moving average is $74.00. The company has a market cap of $175.26 billion, a P/E ratio of 18.38, a P/E/G ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm earned ($0.32) EPS. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UBER shares. Truist Financial raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Loop Capital restated a "buy" rating and set a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Arete Research upgraded Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Eleven research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $94.39.

Insider Transactions at Uber Technologies

In related 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 $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,384 shares of company stock valued at $3,441,071. 3.84% of the stock is owned by corporate insiders.

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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