Spirepoint Private Client LLC Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Spirepoint Private Client LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1,221.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,798 shares of the ride-sharing company's stock after purchasing an additional 54,350 shares during the period. Spirepoint Private Client LLC's holdings in Uber Technologies were worth $4,284,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in 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 purchasing an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG bought a new position in Uber Technologies during the fourth quarter valued at $395,000. Wealthspire Advisors LLC increased its position in Uber Technologies by 3.6% in the fourth quarter. Wealthspire Advisors LLC now owns 26,031 shares of the ride-sharing company's stock worth $1,570,000 after buying an additional 905 shares during the last quarter. Finally, Howard Capital Management Inc. raised its stake in shares of Uber Technologies by 6.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,611 shares of the ride-sharing company's stock valued at $761,000 after buying an additional 757 shares during the period. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company'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 transaction, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $85.24 on Tuesday. The business's 50-day moving average price is $83.77 and its 200-day moving average price is $74.60. The firm has a market capitalization of $178.25 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on UBER. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 7th. Loop Capital reaffirmed a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, KGI Securities reiterated a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $94.39.

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.

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