Chicago Capital LLC Buys 337,349 Shares of Uber Technologies, Inc. (NYSE:UBER)

Chicago Capital LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 37.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,242,065 shares of the ride-sharing company's stock after acquiring an additional 337,349 shares during the quarter. Uber Technologies makes up approximately 2.6% of Chicago Capital LLC's holdings, making the stock its 9th biggest holding. Chicago Capital LLC owned about 0.06% of Uber Technologies worth $90,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in 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 period. Revolve Wealth Partners LLC increased its holdings in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Van ECK Associates Corp raised its position in shares of Uber Technologies by 228.0% in the 4th quarter. Van ECK Associates Corp now owns 14,910 shares of the ride-sharing company's stock worth $899,000 after acquiring an additional 10,364 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of Uber Technologies during the 4th quarter worth $395,000. Finally, Principal Securities Inc. boosted its position in Uber Technologies by 39.0% during the fourth quarter. Principal Securities Inc. now owns 40,604 shares of the ride-sharing company's stock valued at $2,449,000 after purchasing an additional 11,400 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of UBER traded down $0.41 during mid-day trading on Tuesday, hitting $84.71. The company's stock had a trading volume of 13,664,010 shares, compared to its average volume of 20,736,228. The firm has a market capitalization of $177.14 billion, a P/E ratio of 18.58, a P/E/G ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The firm has a 50-day simple moving average of $82.60 and a 200 day simple moving average of $74.09. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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 company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm earned ($0.32) EPS. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UBER. KeyCorp raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Raymond James raised their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 8th. Arete Research upgraded Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. The Goldman Sachs Group raised their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Loop Capital reaffirmed a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Eleven research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $94.39.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred 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 transaction, the insider now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $233,750.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock worth $3,441,071 over the last ninety days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Company 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.