Janney Montgomery Scott LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 935,459 shares of the ride-sharing company's stock after purchasing an additional 150,454 shares during the period. Janney Montgomery Scott LLC's holdings in Uber Technologies were worth $68,158,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of UBER. Mission Wealth Management LP grew its position in shares of Uber Technologies by 224.1% during the 1st quarter. Mission Wealth Management LP now owns 25,781 shares of the ride-sharing company's stock valued at $1,878,000 after buying an additional 17,826 shares during the last quarter. Forefront Wealth Management Inc. bought a new position in Uber Technologies in the first quarter worth about $2,311,000. Warther Private Wealth LLC boosted its stake in Uber Technologies by 65.2% in the first quarter. Warther Private Wealth LLC now owns 258,312 shares of the ride-sharing company's stock valued at $18,821,000 after acquiring an additional 101,904 shares during the period. Traphagen Investment Advisors LLC bought a new position in shares of Uber Technologies during the first quarter valued at approximately $258,000. Finally, Bank Pictet & Cie Europe AG grew its holdings in shares of Uber Technologies by 90.8% during the first quarter. Bank Pictet & Cie Europe AG now owns 12,499 shares of the ride-sharing company's stock valued at $911,000 after purchasing an additional 5,948 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.
Uber Technologies Price Performance
NYSE UBER opened at $83.81 on Monday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The business's fifty day moving average is $82.19 and its two-hundred day moving average is $74.00. The stock has a market capitalization of $175.26 billion, a P/E ratio of 18.38, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.
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, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the firm earned ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on UBER. Truist Financial raised their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group increased their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Wells Fargo & Company upped their price target on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Eleven analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.
Get Our Latest Stock Report on UBER
Insiders Place Their Bets
In related news, insider Jill Hazelbaker sold 34,884 shares of the 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 sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,441,071 over the last ninety days. 3.84% of the stock is currently owned by company insiders.
Uber Technologies Company Profile
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Free Report)
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.
Further Reading
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