RMR Wealth Builders Grows Position in Uber Technologies, Inc. (NYSE:UBER)

RMR Wealth Builders lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 43.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 22,167 shares of the ride-sharing company's stock after purchasing an additional 6,685 shares during the period. RMR Wealth Builders' holdings in Uber Technologies were worth $1,615,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after purchasing an additional 2,364,525 shares during the last quarter. Capital Research Global Investors grew its holdings in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC grew its holdings in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after acquiring an additional 1,061,088 shares during the last quarter. Capital World Investors grew its holdings in Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after acquiring an additional 2,792,039 shares during the last quarter. Finally, Norges Bank bought a new stake in Uber Technologies in the 4th quarter worth $1,467,754,000. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UBER shares. Piper Sandler reissued an "overweight" rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. UBS Group raised their price target on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Bank of America raised their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday. Eleven analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $94.39.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,384 shares of company stock worth $3,441,071. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

NYSE UBER traded down $1.81 during trading hours on Friday, hitting $83.81. 17,974,278 shares of the company's stock traded hands, compared to its average volume of 20,798,681. The business's fifty day moving average price is $82.19 and its two-hundred day moving average price is $73.99. 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 $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 52 week low of $54.84 and a 52 week high of $93.60.

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 (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.32) earnings per share. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies Company 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.