Schechter Investment Advisors LLC Has $1.43 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Schechter Investment Advisors LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 57.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 19,577 shares of the ride-sharing company's stock after purchasing an additional 7,117 shares during the period. Schechter Investment Advisors LLC's holdings in Uber Technologies were worth $1,426,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UBER. Arizona State Retirement System lifted its holdings in shares of Uber Technologies by 1.7% during the first quarter. Arizona State Retirement System now owns 556,171 shares of the ride-sharing company's stock worth $40,523,000 after buying an additional 9,142 shares during the last quarter. Ballentine Partners LLC raised its stake in Uber Technologies by 21.9% during the 1st quarter. Ballentine Partners LLC now owns 24,814 shares of the ride-sharing company's stock valued at $1,808,000 after purchasing an additional 4,464 shares during the last quarter. Fort Sheridan Advisors LLC boosted its holdings in Uber Technologies by 24.2% in the 1st quarter. Fort Sheridan Advisors LLC now owns 5,535 shares of the ride-sharing company's stock valued at $403,000 after purchasing an additional 1,080 shares during the period. Independent Investors Inc. bought a new stake in Uber Technologies in the 1st quarter valued at $657,000. Finally, Fortem Financial Group LLC grew its position in Uber Technologies by 13.7% in the 1st quarter. Fortem Financial Group LLC now owns 6,944 shares of the ride-sharing company's stock worth $506,000 after purchasing an additional 839 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup lifted their target price on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. JPMorgan Chase & Co. upped their target price on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price target for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $96.12.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction 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 sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,384 shares of company stock worth $3,496,071. Company insiders own 3.70% of the company's stock.

Uber Technologies Stock Down 1.1%

Shares of NYSE:UBER opened at $95.36 on Monday. 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 stock has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 1.21 and a beta of 1.40. The company has a 50 day moving average of $88.47 and a 200-day moving average of $77.75. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last released 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. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.32) EPS. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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.

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