Vest Financial LLC Purchases 10,286 Shares of Uber Technologies, Inc. (NYSE:UBER)

Vest Financial LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 73.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,283 shares of the ride-sharing company's stock after purchasing an additional 10,286 shares during the period. Vest Financial LLC's holdings in Uber Technologies were worth $1,769,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UBER. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Geode Capital Management LLC increased its stake in shares of Uber Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors increased its stake in shares of Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Norges Bank bought a new position in shares of Uber Technologies in the fourth quarter worth about $1,467,754,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Shares of UBER traded up $0.93 on Friday, hitting $85.60. The company's stock had a trading volume of 28,140,231 shares, compared to its average volume of 20,740,621. The company has a market capitalization of $179.00 billion, a PE ratio of 18.77, a PEG ratio of 0.89 and a beta of 1.38. 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, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The company has a 50 day moving average price of $80.38 and a 200 day moving average price of $73.49.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the business earned ($0.32) EPS. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Arete Research upgraded Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Royal Bank of Canada reiterated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price objective for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Finally, Tigress Financial set a $110.00 price objective on Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.91.

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.