Worth Asset Management LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Worth Asset Management LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 3,001 shares of the ride-sharing company's stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBER. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after buying an additional 2,364,525 shares during the period. Capital Research Global Investors grew its holdings in Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares during the last quarter. Capital World Investors raised its holdings in shares of Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at approximately $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. Insiders sold a total of 83,788 shares of company stock valued at $6,517,070 in the last ninety days. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 1.3%

Shares of UBER traded down $1.05 during midday trading on Tuesday, reaching $82.59. 25,658,648 shares of the company were exchanged, compared to its average volume of 20,596,594. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The stock has a 50-day moving average price of $79.53 and a 200-day moving average price of $73.11. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market cap of $172.72 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 0.89 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UBER shares. Bank of America lifted their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Cantor Fitzgerald restated an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, April 16th. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Raymond James boosted their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies 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.