Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Boothe Investment Group Inc.

Boothe Investment Group Inc. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,294 shares of the ride-sharing company's stock after buying an additional 20,011 shares during the period. Uber Technologies accounts for 2.7% of Boothe Investment Group Inc.'s investment portfolio, making the stock its 16th largest position. Boothe Investment Group Inc.'s holdings in Uber Technologies were worth $5,850,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Noble Wealth Management PBC acquired a new position in Uber Technologies during the 1st quarter worth about $27,000. Kozak & Associates Inc. lifted its position 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 acquiring an additional 223 shares during the period. GPS Wealth Strategies Group LLC lifted its position in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the period. Perkins Coie Trust Co lifted its position in Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 306 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction 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. The trade was 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 this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following 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. Insiders have sold a total of 40,384 shares of company stock worth $3,441,071 over the last quarter. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent analyst reports. Piper Sandler reissued an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 7th. Barclays raised their price objective on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Wedbush downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and raised their price objective for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $94.39.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $83.81 on Monday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The stock has a market capitalization of $175.26 billion, a P/E ratio of 18.38, a PEG ratio of 0.89 and a beta of 1.38. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The business's fifty day moving average price is $82.19 and its 200 day moving average price is $74.00.

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, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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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