Shepherd Financial Partners LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Shepherd Financial Partners LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,521 shares of the ride-sharing company's stock, valued at approximately $475,000.

Other hedge funds also recently modified their holdings of the company. Capital Research Global Investors grew its position in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Norges Bank acquired a new position in Uber Technologies in the 4th quarter valued at approximately $1,467,754,000. Boston Partners acquired a new position in Uber Technologies in the 4th quarter valued at approximately $381,057,000. Toyota Motor Corp bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $298,644,000. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on UBER shares. Wall Street Zen upgraded Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday. Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Cantor Fitzgerald reiterated an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. DA Davidson increased their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, KGI Securities restated a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $94.39.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction 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 of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the firm'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 completion of the transaction, the insider now 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 disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

UBER stock opened at $83.43 on Thursday. The stock has a market capitalization of $174.46 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38. 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 company has a 50 day moving average price of $83.05 and a 200 day moving average price of $74.23. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly 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 business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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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