Capital Advisors Inc. OK Has $39.73 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Capital Advisors Inc. OK grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 545,239 shares of the ride-sharing company's stock after buying an additional 29,999 shares during the period. Capital Advisors Inc. OK's holdings in Uber Technologies were worth $39,726,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. Kozak & Associates Inc. lifted its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position 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 purchasing an additional 299 shares during the last quarter. Perkins Coie Trust Co lifted its position in shares of Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 306 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $27,000. Institutional investors and hedge funds 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 Uber Technologies stock in a transaction dated 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 owned 21,063 shares of the company's stock, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated 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 sale, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UBER shares. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price target for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Finally, Stifel Nicolaus initiated coverage on Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.44.

Uber Technologies Trading Down 1.1%

Shares of NYSE:UBER traded down $1.11 during midday trading on Tuesday, hitting $95.58. The company had a trading volume of 6,520,964 shares, compared to its average volume of 21,126,130. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.53. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $199.86 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.19 and a beta of 1.40. The firm has a fifty day simple moving average of $87.27 and a 200 day simple moving average of $76.78.

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, 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 business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company earned ($0.32) EPS. The firm's revenue was up 13.8% on a year-over-year basis. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.