Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Dover Advisors LLC

Dover Advisors LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,654 shares of the ride-sharing company's stock after buying an additional 4,737 shares during the quarter. Dover Advisors LLC's holdings in Uber Technologies were worth $1,942,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UBER. Allworth Financial LP raised its position in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after purchasing an additional 1,663 shares during the period. Clark Capital Management Group Inc. raised its position in Uber Technologies by 11,354.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after purchasing an additional 399,008 shares during the period. UMB Bank n.a. raised its position in Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares during the period. TigerOak Management L.L.C. purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $1,278,000. Finally, Americana Partners LLC raised its position in Uber Technologies by 1,408.2% in the fourth quarter. Americana Partners LLC now owns 78,157 shares of the ride-sharing company's stock valued at $4,714,000 after purchasing an additional 72,975 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $1.81 on Friday, reaching $83.81. The company's stock had a trading volume of 17,974,278 shares, compared to its average volume of 20,798,681. The stock has a market capitalization of $175.26 billion, a P/E ratio of 18.38, a PEG ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The stock's 50-day moving average is $82.19 and its two-hundred day moving average is $73.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping 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 22.41% and a return on equity of 62.60%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.32) earnings per share. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated 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 now 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. Insiders sold 40,384 shares of company stock valued at $3,441,071 over the last ninety days. Corporate insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays boosted their target price on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. DA Davidson boosted their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $94.39.

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.