Fourpath Capital Management LLC Acquires 14,823 Shares of Uber Technologies, Inc. (NYSE:UBER)

Fourpath Capital Management LLC increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 55.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,524 shares of the ride-sharing company's stock after purchasing an additional 14,823 shares during the period. Fourpath Capital Management LLC's holdings in Uber Technologies were worth $3,025,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Brighton Jones LLC increased its holdings in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in 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 worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Uber Technologies in the fourth quarter valued at about $4,136,000. Golden State Wealth Management LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $85,000. Finally, Vest Financial LLC boosted its stake in shares of Uber Technologies by 30.0% during the fourth quarter. Vest Financial LLC now owns 13,997 shares of the ride-sharing company's stock valued at $844,000 after purchasing an additional 3,226 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,788 shares of company stock worth $6,517,070. Insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 7th. UBS Group lifted their target price on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $93.91.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.69 during mid-day trading on Tuesday, reaching $86.43. 24,462,965 shares of the company's stock were exchanged, compared to its average volume of 20,763,578. The business's fifty day simple moving average is $80.63 and its 200 day simple moving average is $73.62. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The firm has a market capitalization of $180.73 billion, a PE ratio of 18.95, a P/E/G ratio of 0.89 and a beta of 1.38.

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 (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business's revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.32) EPS. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share 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.