Schaper Benz & Wise Investment Counsel Inc. WI Acquires 25,997 Shares of Uber Technologies, Inc. (NYSE:UBER)

Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,191 shares of the ride-sharing company's stock after purchasing an additional 25,997 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Uber Technologies were worth $15,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC grew its position in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its stake 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 acquiring an additional 6,129 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Uber Technologies by 228.0% during the fourth quarter. Van ECK Associates Corp now owns 14,910 shares of the ride-sharing company's stock worth $899,000 after acquiring an additional 10,364 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies during the 4th quarter worth approximately $395,000. Finally, Principal Securities Inc. lifted its position in Uber Technologies by 39.0% in the fourth quarter. Principal Securities Inc. now owns 40,604 shares of the ride-sharing company's stock valued at $2,449,000 after acquiring an additional 11,400 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research reports. TD Cowen lowered their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. upped their target price 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 shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price target for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Truist Financial upped their price target on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Eleven research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

Uber Technologies Trading Down 0.5%

Shares of UBER stock traded down $0.41 on Tuesday, reaching $84.71. 13,664,010 shares of the stock were exchanged, compared to its average volume of 20,736,228. The firm has a 50 day moving average of $82.60 and a two-hundred day moving average of $74.09. The stock has a market cap of $177.14 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. 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 (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the firm posted ($0.32) earnings per share. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% 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 valued at $3,441,071. Corporate insiders own 3.84% of the company's stock.

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.