Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Sheets Smith Wealth Management

Sheets Smith Wealth Management raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 20.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,041 shares of the ride-sharing company's stock after acquiring an additional 12,616 shares during the quarter. Sheets Smith Wealth Management's holdings in Uber Technologies were worth $5,395,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sava Infond d.o.o. increased its position in Uber Technologies by 35.0% during the 1st quarter. Sava Infond d.o.o. now owns 33,860 shares of the ride-sharing company's stock worth $2,467,000 after purchasing an additional 8,770 shares in the last quarter. WoodTrust Financial Corp increased its position in Uber Technologies by 8.7% during the 1st quarter. WoodTrust Financial Corp now owns 24,500 shares of the ride-sharing company's stock worth $1,785,000 after purchasing an additional 1,968 shares in the last quarter. Spirepoint Private Client LLC increased its position in Uber Technologies by 1,221.9% during the 1st quarter. Spirepoint Private Client LLC now owns 58,798 shares of the ride-sharing company's stock worth $4,284,000 after purchasing an additional 54,350 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new stake in Uber Technologies in the 1st quarter worth about $214,000. Finally, Lazari Capital Management Inc. boosted its stake in Uber Technologies by 1.6% in the 1st quarter. Lazari Capital Management Inc. now owns 202,597 shares of the ride-sharing company's stock worth $14,761,000 after buying an additional 3,115 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 1.7%

NYSE:UBER opened at $85.24 on Tuesday. 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 debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $178.25 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. The business's 50-day simple moving average is $83.77 and its 200-day simple moving average is $74.60.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate 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 66.46% and a net margin of 27.07%. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.32) EPS. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Citigroup lifted their price objective on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Finally, DA Davidson lifted their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $94.39.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

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.

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