Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 26.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,770 shares of the ride-sharing company's stock after buying an additional 10,473 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Uber Technologies were worth $3,699,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of UBER. Capital Research Global Investors raised its holdings in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares during the last quarter. Norges Bank acquired a new stake in Uber Technologies during the fourth quarter worth approximately $1,467,754,000. Jennison Associates LLC grew its stake in Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares during the period. Boston Partners acquired a new position in Uber Technologies in the 4th quarter valued at $381,057,000. Finally, Toyota Motor Corp acquired a new stake in shares of Uber Technologies during the fourth quarter worth $309,192,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent analyst reports. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. KeyCorp raised their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, May 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Monday, May 5th. Finally, Raymond James lifted their price target on shares of Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.91.

Insider Activity

In other news, insider Tony West sold 23,404 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Down 0.6%

UBER stock traded down $0.53 during trading on Monday, reaching $83.63. The stock had a trading volume of 17,031,580 shares, compared to its average volume of 20,576,189. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. 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 company has a market capitalization of $174.89 billion, a P/E ratio of 18.34, a PEG ratio of 0.89 and a beta of 1.43. The firm has a fifty day moving average price of $79.34 and a 200 day moving average price of $73.03.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.32) EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.