Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 54.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,056 shares of the ride-sharing company's stock after purchasing an additional 8,873 shares during the period. Simon Quick Advisors LLC's holdings in Uber Technologies were worth $1,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Advisors Ltd. LLC boosted its stake in shares of Uber Technologies by 19.7% during the 1st quarter. Capital Advisors Ltd. LLC now owns 947 shares of the ride-sharing company's stock worth $69,000 after acquiring an additional 156 shares in the last quarter. Zhang Financial LLC purchased a new stake in Uber Technologies in the 1st quarter valued at approximately $1,301,000. Noble Wealth Management PBC acquired a new position in Uber Technologies in the 1st quarter valued at $27,000. Investment Partners Asset Management Inc. acquired a new position in Uber Technologies in the 1st quarter valued at $280,000. Finally, Laurel Wealth Advisors LLC raised its holdings in Uber Technologies by 676,200.0% in the 1st quarter. Laurel Wealth Advisors LLC now owns 13,526 shares of the ride-sharing company's stock valued at $986,000 after acquiring an additional 13,524 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded down $0.93 during midday trading on Thursday, hitting $85.65. The company had a trading volume of 18,754,056 shares, compared to its average volume of 20,757,930. The stock has a market cap of $179.11 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 0.89 and a beta of 1.38. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $81.40 and a 200 day simple moving average of $73.80. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.32) EPS. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,384 shares of company stock worth $4,872,471 over the last three months. Company insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UBER shares. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 7th. The Goldman Sachs Group increased their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Raymond James increased their price target on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. Finally, Citigroup increased their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

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.