Uber Technologies, Inc. (NYSE:UBER) Shares Bought by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 173.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,386 shares of the ride-sharing company's stock after acquiring an additional 3,414 shares during the quarter. New Wave Wealth Advisors LLC's holdings in Uber Technologies were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its stake in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Norges Bank purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,467,754,000. Boston Partners purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $381,057,000. Toyota Motor Corp purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in Uber Technologies in the 4th quarter valued at approximately $298,644,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. KGI Securities reaffirmed a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. The Goldman Sachs Group lifted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. DA Davidson lifted their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Finally, Barclays lifted their price target on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $94.85.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on 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. This represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on 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 transaction, the insider now owns 102,135 shares of the company's stock, 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. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Trading Down 1.7%

NYSE UBER opened at $91.54 on Monday. The company's fifty day simple moving average is $85.16 and its 200-day simple moving average is $75.40. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $94.38. The stock has a market cap of $191.43 billion, a P/E ratio of 16.03, a PEG ratio of 1.16 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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 company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.32) EPS. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS 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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