World Investment Advisors Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

World Investment Advisors raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,596 shares of the ride-sharing company's stock after buying an additional 2,772 shares during the period. World Investment Advisors' holdings in Uber Technologies were worth $1,719,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of UBER. Navalign LLC increased its holdings in shares of Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after purchasing an additional 126 shares during the period. Grove Bank & Trust boosted its position in Uber Technologies by 0.9% during the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after purchasing an additional 133 shares during the period. Amplius Wealth Advisors LLC boosted its position in Uber Technologies by 3.6% during the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after purchasing an additional 145 shares during the period. United Advisor Group LLC grew its holdings in Uber Technologies by 3.6% during the fourth quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock valued at $263,000 after purchasing an additional 153 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of Uber Technologies by 19.7% in the first quarter. Capital Advisors Ltd. LLC now owns 947 shares of the ride-sharing company's stock valued at $69,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In other Uber Technologies news, 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 transaction, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer owned 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Price Performance

UBER stock traded up $0.84 during trading on Tuesday, reaching $97.52. 20,565,575 shares of the company were exchanged, compared to its average volume of 23,105,740. The company has a market capitalization of $203.93 billion, a price-to-earnings ratio of 17.08, a P/E/G 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. The company has a 50-day moving average of $87.27 and a two-hundred day moving average of $76.78. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.60.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company's 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. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on UBER shares. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price objective for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Barclays upped their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. DA Davidson boosted their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. TD Cowen cut their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, KeyCorp raised their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $95.97.

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.