Total Wealth Planning & Management Inc. Purchases 7,768 Shares of Uber Technologies, Inc. (NYSE:UBER)

Total Wealth Planning & Management Inc. lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 115.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,492 shares of the ride-sharing company's stock after acquiring an additional 7,768 shares during the quarter. Uber Technologies accounts for approximately 1.0% of Total Wealth Planning & Management Inc.'s investment portfolio, making the stock its 21st largest holding. Total Wealth Planning & Management Inc.'s holdings in Uber Technologies were worth $1,056,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after buying an additional 2,364,525 shares during the period. Capital Research Global Investors raised its position in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Uber Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the last quarter. Capital World Investors lifted its stake in shares of Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the last quarter. Finally, Norges Bank bought a new stake in Uber Technologies during the fourth quarter valued at about $1,467,754,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 2.4%

UBER opened at $93.09 on Friday. The company has a fifty day moving average of $84.83 and a two-hundred day moving average of $75.02. The stock has a market capitalization of $194.67 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.15 and a beta of 1.38. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $94.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.32) EPS. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on UBER shares. Loop Capital reiterated a "buy" rating and issued a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. UBS Group lifted their price target on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company increased their price objective on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $95.18.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $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. Company insiders own 3.84% of the company's stock.

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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