Signaturefd LLC Purchases 7,224 Shares of Uber Technologies, Inc. (NYSE:UBER)

Signaturefd LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 23.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,657 shares of the ride-sharing company's stock after acquiring an additional 7,224 shares during the period. Signaturefd LLC's holdings in Uber Technologies were worth $2,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% during 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 during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of Uber Technologies during the fourth quarter valued at about $395,000. Proficio Capital Partners LLC raised its position in shares of Uber Technologies by 3.2% during the fourth quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock valued at $4,259,000 after buying an additional 2,184 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Uber Technologies by 25.4% during the fourth quarter. Harbour Investments Inc. now owns 13,575 shares of the ride-sharing company's stock valued at $819,000 after buying an additional 2,748 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,384 shares of company stock worth $3,496,071. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on UBER shares. Stifel Nicolaus started coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They set a "buy" rating and a $110.00 price objective for the company. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price objective for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. JPMorgan Chase & Co. upped their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Raymond James Financial cut shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $97.63.

Uber Technologies Trading Down 2.3%

UBER stock traded down $2.10 during midday trading on Wednesday, reaching $90.11. The company's stock had a trading volume of 8,802,144 shares, compared to its average volume of 22,696,719. The business's 50-day simple moving average is $88.76 and its 200-day simple moving average is $78.08. 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 cap of $188.44 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.71.

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

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.