Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Warther Private Wealth LLC

Warther Private Wealth LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 65.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 258,312 shares of the ride-sharing company's stock after buying an additional 101,904 shares during the period. Uber Technologies accounts for 6.2% of Warther Private Wealth LLC's investment portfolio, making the stock its 9th largest holding. Warther Private Wealth LLC's holdings in Uber Technologies were worth $18,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of UBER. Transce3nd LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies during the 4th quarter worth $27,000. Kozak & Associates Inc. boosted its stake in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC acquired a new stake in Uber Technologies during the 1st quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Uber Technologies during the 4th quarter worth $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,384 shares of company stock valued at $3,441,071. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

UBER has been the subject of a number of recent research reports. Piper Sandler reiterated an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. KGI Securities reiterated a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday. Truist Financial increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Finally, Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.39.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $83.81 on Monday. The stock has a market cap of $175.26 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The company's 50-day moving average price is $82.19 and its 200 day moving average price is $74.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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. 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 22.41% and a return on equity of 62.60%. The firm's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.32) EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies 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.

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