Uber Technologies, Inc. (NYSE:UBER) Stake Raised by Mountain Hill Investment Partners Corp.

Mountain Hill Investment Partners Corp. increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8,350.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,500 shares of the ride-sharing company's stock after purchasing an additional 83,500 shares during the period. Uber Technologies makes up 6.0% of Mountain Hill Investment Partners Corp.'s investment portfolio, making the stock its 6th largest holding. Mountain Hill Investment Partners Corp.'s holdings in Uber Technologies were worth $6,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. BluePointe Capital Management LLC raised its holdings in shares of Uber Technologies by 51.6% during the first quarter. BluePointe Capital Management LLC now owns 6,916 shares of the ride-sharing company's stock valued at $504,000 after purchasing an additional 2,354 shares during the last quarter. Graybill Wealth Management LTD. bought a new stake in Uber Technologies during the first quarter valued at approximately $5,021,000. LJI Wealth Management LLC grew its position in Uber Technologies by 181.5% during the first quarter. LJI Wealth Management LLC now owns 11,547 shares of the ride-sharing company's stock valued at $841,000 after buying an additional 7,445 shares during the period. Sumitomo Life Insurance Co. grew its position in Uber Technologies by 4.0% during the first quarter. Sumitomo Life Insurance Co. now owns 122,767 shares of the ride-sharing company's stock valued at $8,945,000 after buying an additional 4,749 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in Uber Technologies by 41.8% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 108,481 shares of the ride-sharing company's stock valued at $7,939,000 after buying an additional 31,968 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the company 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 report on Monday. Needham & Company LLC set a $109.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research report on Monday. Raymond James Financial lowered shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Finally, Citigroup boosted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Thirteen investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $97.63.

Uber Technologies Price Performance

Shares of UBER stock traded down $1.47 during mid-day trading on Wednesday, hitting $90.74. The company had a trading volume of 17,633,552 shares, compared to its average volume of 21,225,809. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.72. The stock's 50 day moving average price is $88.90 and its 200-day moving average price is $78.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $189.75 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.17 and a beta of 1.40.

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

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction 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 sale, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,384 shares of company stock worth $3,496,071. 3.84% of the stock is owned by 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.