Eos Management L.P. Buys 15,437 Shares of Uber Technologies, Inc. (NYSE:UBER)

Eos Management L.P. increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 216.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,579 shares of the ride-sharing company's stock after acquiring an additional 15,437 shares during the quarter. Eos Management L.P.'s holdings in Uber Technologies were worth $1,645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. Brighton Jones LLC lifted its stake in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies in the fourth quarter valued at approximately $395,000. Proficio Capital Partners LLC lifted its stake in Uber Technologies by 3.2% in the fourth quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock valued at $4,259,000 after buying an additional 2,184 shares during the period. Finally, AlphaQuest LLC lifted its stake in Uber Technologies by 1,034.9% in the fourth quarter. AlphaQuest LLC now owns 4,778 shares of the ride-sharing company's stock valued at $288,000 after buying an additional 4,357 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $1.04 on Friday, hitting $95.36. The company's stock had a trading volume of 12,442,436 shares, compared to its average volume of 21,233,017. 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 company has a market capitalization of $199.41 billion, a PE ratio of 16.70, a PEG ratio of 1.21 and a beta of 1.40. The company has a 50-day simple moving average of $88.47 and a 200 day simple moving average of $77.64. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate 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 in the prior year, the company earned ($0.32) EPS. The company's revenue was up 13.8% on a year-over-year basis. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 completion of the sale, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,384 shares of company stock worth $3,496,071. 3.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. Raymond James Financial lowered Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Bank of America boosted their price target on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. KeyCorp boosted their price target on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $84.00 target price (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Finally, TD Cowen lowered their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.12.

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.