Howland Capital Management LLC Acquires 34,453 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Howland Capital Management LLC has increased its stake in Uber Technologies by 17% in the first quarter, bringing its total ownership to 237,637 shares valued at approximately $17.31 million.
• Uber Technologies recently reported a quarterly earnings per share (EPS) of $0.83, surpassing analysts' expectations of $0.50, while also achieving year-over-year revenue growth of 13.8%.
• Analysts have varying ratings for Uber, with a consensus of "Moderate Buy" and a price target average of $100.71, reflecting positive sentiment about the company's future performance.

Howland Capital Management LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 17.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,637 shares of the ride-sharing company's stock after purchasing an additional 34,453 shares during the period. Howland Capital Management LLC's holdings in Uber Technologies were worth $17,314,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. increased its holdings in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares in the last quarter. UMB Bank n.a. increased its holdings in Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Uber Technologies by 65.0% during 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. Mufg Securities Americas Inc. bought a new position in Uber Technologies during the 4th quarter worth about $1,875,000. Finally, APG Asset Management N.V. acquired a new position in shares of Uber Technologies during the 4th quarter worth about $84,687,000. Institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm'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 directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% 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 $3,496,071 over the last ninety days. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC increased their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Wedbush restated a "neutral" rating and set a $85.00 price objective on shares of Uber Technologies in a research note on Friday. Loop Capital restated a "buy" rating and set a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Piper Sandler increased their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $100.71.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.77 during trading hours on Friday, hitting $86.98. The company had a trading volume of 15,719,480 shares, compared to its average volume of 16,246,386. The firm has a market cap of $181.89 billion, a PE ratio of 15.23, a PEG ratio of 1.01 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.71. The firm has a 50-day moving average of $89.12 and a 200 day moving average of $80.29.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.32) EPS. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.