Aviance Capital Partners LLC Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Aviance Capital Partners LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 921.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,286 shares of the ride-sharing company's stock after acquiring an additional 57,088 shares during the period. Aviance Capital Partners LLC's holdings in Uber Technologies were worth $4,611,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. raised its position in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies during the fourth quarter valued at approximately $28,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 sale, the chief financial officer directly owned 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred 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 owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $1.41 on Friday, reaching $93.46. 8,112,562 shares of the company traded hands, compared to its average volume of 21,089,075. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $94.38. The company has a 50 day moving average of $86.59 and a 200 day moving average of $76.09. The firm has a market capitalization of $195.43 billion, a PE ratio of 16.40, a PEG ratio of 1.19 and a beta of 1.40. 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 (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (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 return on equity of 66.46% and a net margin of 27.07%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.32) earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. TD Cowen lowered their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. KGI Securities restated a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Loop Capital reaffirmed a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Citigroup boosted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $94.85.

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.