Uber Technologies, Inc. (NYSE:UBER) Position Lifted by Sargent Investment Group LLC

Sargent Investment Group LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 283.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,159 shares of the ride-sharing company's stock after purchasing an additional 23,781 shares during the period. Sargent Investment Group LLC's holdings in Uber Technologies were worth $2,343,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies in the 1st quarter valued at about $27,000. Kozak & Associates Inc. boosted its holdings in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the period. Perkins Coie Trust Co lifted its position in Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 306 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 0.1%

UBER stock opened at $90.57 on Friday. The company has a market capitalization of $189.40 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.15 and a beta of 1.40. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average of $89.22 and a 200-day moving average of $78.71.

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 (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the firm earned ($0.32) earnings per share. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other news, 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 sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock worth $3,496,071 over the last three months. Insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UBER. KeyCorp increased their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. upped their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Roth Capital set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research note on Monday, July 14th. Wells Fargo & Company lifted their price target on shares of Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Loop Capital reissued a "buy" rating and issued a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Twelve analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $97.63.

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.

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