Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 48.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,325 shares of the ride-sharing company's stock after purchasing an additional 2,702 shares during the quarter. Daymark Wealth Partners LLC's holdings in Uber Technologies were worth $607,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies during the 4th quarter valued at approximately $27,000. Kozak & Associates Inc. raised its stake in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in Uber Technologies during the 1st quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies during the 4th quarter valued at approximately $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UBER has been the subject of several analyst reports. Loop Capital reaffirmed a "buy" rating and set a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Truist Financial increased their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. KGI Securities reissued a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Bank of America increased their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $95.18.

Uber Technologies Stock Up 2.4%

Shares of NYSE:UBER opened at $93.09 on Friday. The stock's 50-day moving average price is $84.83 and its two-hundred day moving average price is $75.02. 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, Inc. has a 12-month low of $54.84 and a 12-month high of $94.38. The firm has a market cap of $194.67 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.15 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping 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 last year, the company earned ($0.32) EPS. The firm's quarterly revenue was up 13.8% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

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.

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