Riverbend Wealth Management LLC Buys 5,749 Shares of Uber Technologies, Inc. (NYSE:UBER)

Riverbend Wealth Management LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 103.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,314 shares of the ride-sharing company's stock after purchasing an additional 5,749 shares during the period. Riverbend Wealth Management LLC's holdings in Uber Technologies were worth $824,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Clark Capital Management Group Inc. raised its position in 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 worth $24,280,000 after buying an additional 399,008 shares during the last quarter. UMB Bank n.a. increased its position in shares of 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 buying an additional 3,073 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of 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 buying an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of Uber Technologies during the 4th quarter valued at approximately $1,875,000. Finally, APG Asset Management N.V. purchased a new position in shares of Uber Technologies during the 4th quarter valued at approximately $84,687,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 7.4%

NYSE UBER opened at $91.59 on Wednesday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The firm has a 50 day moving average of $84.12 and a two-hundred day moving average of $74.72. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $191.53 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Truist Financial lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Finally, Bank of America boosted 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. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $94.39.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now 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. Insiders own 3.70% of the company's stock.

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.

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