Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Lifted by Rockingstone Advisors LLC

Rockingstone Advisors LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 12.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,854 shares of the ride-sharing company's stock after acquiring an additional 3,670 shares during the quarter. Rockingstone Advisors LLC's holdings in Uber Technologies were worth $2,467,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in Uber Technologies by 79.0% during 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 period. Norges Bank acquired a new position in shares of Uber Technologies in the fourth quarter worth $1,467,754,000. Boston Partners purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $381,057,000. Toyota Motor Corp purchased a new position in shares of Uber Technologies during the 4th quarter worth $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in shares of Uber Technologies during the 4th quarter worth about $298,644,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UBER shares. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Stifel Nicolaus started coverage on Uber Technologies in a report on Wednesday. They issued a "buy" rating and a $110.00 price objective for the company. The Goldman Sachs Group upped their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. TD Cowen lowered their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, DA Davidson raised their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at $25,901,755.56. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,384 shares of company stock worth $4,872,471 in the last three months. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 1.6%

NYSE:UBER traded down $1.35 during midday trading on Thursday, hitting $85.23. 7,588,708 shares of the company were exchanged, compared to its average volume of 20,730,232. The company has a fifty day simple moving average of $81.40 and a 200 day simple moving average of $73.80. The company has a market capitalization of $178.23 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week 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.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The business 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 company's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) EPS. As a group, equities analysts anticipate 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.