Uber Technologies, Inc. (NYSE:UBER) Stock Position Boosted by Peregrine Capital Management LLC

Peregrine Capital Management LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 791,116 shares of the ride-sharing company's stock after buying an additional 34,521 shares during the quarter. Uber Technologies comprises about 1.9% of Peregrine Capital Management LLC's investment portfolio, making the stock its 9th largest holding. Peregrine Capital Management LLC's holdings in Uber Technologies were worth $57,641,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Noble Wealth Management PBC purchased a new position in Uber Technologies in the first quarter worth $27,000. Kozak & Associates Inc. grew 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 worth $27,000 after buying an additional 223 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position 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 valued at $29,000 after buying an additional 299 shares in the last quarter. Perkins Coie Trust Co raised its stake in Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies in the fourth quarter worth about $27,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UBER has been the topic of several recent analyst reports. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. TD Cowen cut their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. UBS Group raised their price target on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. DA Davidson boosted their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company upped their price objective on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.85.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, 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 own 3.70% of the company's stock.

Uber Technologies Stock Down 1.7%

NYSE:UBER opened at $91.54 on Monday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $94.38. The stock's fifty day moving average is $85.16 and its two-hundred day moving average is $75.40. The stock has a market capitalization of $191.43 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.32) EPS. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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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