Ritholtz Wealth Management Increases Position in Uber Technologies, Inc. (NYSE:UBER)

Ritholtz Wealth Management lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,793 shares of the ride-sharing company's stock after acquiring an additional 4,017 shares during the period. Ritholtz Wealth Management's holdings in Uber Technologies were worth $2,972,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after purchasing an additional 1,663 shares in the last quarter. Clark Capital Management Group Inc. lifted its stake in shares of Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after buying an additional 399,008 shares in the last quarter. UMB Bank n.a. increased its stake in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after buying an additional 3,073 shares in the last quarter. TigerOak Management L.L.C. purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $1,278,000. Finally, Americana Partners LLC grew its position in shares of Uber Technologies by 1,408.2% during the fourth quarter. Americana Partners LLC now owns 78,157 shares of the ride-sharing company's stock worth $4,714,000 after purchasing an additional 72,975 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,384 shares of company stock worth $3,441,071. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of UBER traded up $1.17 during mid-day trading on Monday, hitting $85.10. The company's stock had a trading volume of 12,233,491 shares, compared to its average volume of 23,352,021. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $177.95 billion, a P/E ratio of 18.66, a P/E/G ratio of 0.89 and a beta of 1.38. The firm has a 50-day simple moving average of $82.19 and a 200 day simple moving average of $74.00.

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. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.32) EPS. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on UBER. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. TD Cowen cut their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. Stifel Nicolaus began coverage on shares of Uber Technologies in a research note on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price objective for the company. Finally, Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Eleven 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.