Ballentine Partners LLC Has $1.81 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Ballentine Partners LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,814 shares of the ride-sharing company's stock after buying an additional 4,464 shares during the quarter. Ballentine Partners LLC's holdings in Uber Technologies were worth $1,808,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Noble Wealth Management PBC acquired a new stake in Uber Technologies during the 1st quarter worth approximately $27,000. Kozak & Associates Inc. raised its holdings 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 buying an additional 223 shares during the period. GPS Wealth Strategies Group LLC raised its holdings 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 buying an additional 299 shares during the period. Perkins Coie Trust Co raised its holdings 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 buying an additional 306 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new stake in Uber Technologies in the 4th quarter valued at approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on UBER. Raymond James Financial cut Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Stifel Nicolaus began coverage on Uber Technologies in a research note on Wednesday, June 11th. They issued a "buy" rating and a $110.00 target price on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Finally, Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Thirteen analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $96.12.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER traded down $1.04 on Friday, reaching $95.36. The stock had a trading volume of 12,442,436 shares, compared to its average volume of 21,233,017. 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 firm has a fifty day moving average of $88.47 and a two-hundred day moving average of $77.64. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.72. The company has a market cap of $199.41 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40.

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, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the firm posted ($0.32) EPS. The company's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current 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.