Williams Jones Wealth Management LLC. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Williams Jones Wealth Management LLC. purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 454,504 shares of the ride-sharing company's stock, valued at approximately $27,416,000.

Several other institutional investors have also made changes to their positions in the stock. Grassi Investment Management increased its position in Uber Technologies by 0.5% in the 4th quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company's stock worth $5,907,000 after purchasing an additional 500 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Uber Technologies by 6.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 3,923 shares of the ride-sharing company's stock worth $237,000 after buying an additional 241 shares during the last quarter. Merit Financial Group LLC raised its position in Uber Technologies by 1,462.9% during the fourth quarter. Merit Financial Group LLC now owns 57,138 shares of the ride-sharing company's stock valued at $3,447,000 after acquiring an additional 53,482 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in Uber Technologies by 47.2% in the fourth quarter. Ameritas Advisory Services LLC now owns 7,921 shares of the ride-sharing company's stock valued at $478,000 after acquiring an additional 2,541 shares during the last quarter. Finally, Romano Brothers AND Company grew its position in Uber Technologies by 57.3% in the fourth quarter. Romano Brothers AND Company now owns 5,604 shares of the ride-sharing company's stock worth $338,000 after acquiring an additional 2,042 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. This trade represents a 17.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock worth $6,517,070 in the last quarter. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $92.41 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market capitalization of $193.24 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.76. The business has a 50 day simple moving average of $76.76 and a 200 day simple moving average of $72.07.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The firm 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 62.60% and a net margin of 22.41%. The business's revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.32) earnings per share. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Bank of America lifted their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. TD Cowen lowered 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. Evercore ISI dropped their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $92.69.

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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