Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,890 shares of the ride-sharing company's stock after purchasing an additional 9,555 shares during the period. Uber Technologies comprises about 0.9% of Mmbg Investment Advisors CO.'s holdings, making the stock its 23rd largest position. Mmbg Investment Advisors CO.'s holdings in Uber Technologies were worth $8,079,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Transce3nd LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth about $27,000. Kozak & Associates Inc. grew its holdings in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies during the first quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James Financial lowered Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Monday, May 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Truist Financial lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $94.85.

Uber Technologies Trading Down 1.7%

Shares of UBER opened at $91.54 on Friday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $94.38. The stock has a fifty day moving average of $85.16 and a two-hundred day moving average of $75.30. The company has a market capitalization of $191.43 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the previous year, the company earned ($0.32) EPS. The business's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies 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 value of $3,001,070.52. Following the completion of the transaction, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The transaction 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 the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $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. 3.84% of the stock is owned by corporate insiders.

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.

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