ZWJ Investment Counsel Inc. Purchases 42,466 Shares of Uber Technologies, Inc. (NYSE:UBER)

ZWJ Investment Counsel Inc. lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 321,643 shares of the ride-sharing company's stock after purchasing an additional 42,466 shares during the period. ZWJ Investment Counsel Inc.'s holdings in Uber Technologies were worth $23,435,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in UBER. Capital Research Global Investors grew its holdings 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 last quarter. Norges Bank bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $1,467,754,000. Boston Partners bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $381,057,000. Toyota Motor Corp bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Uber Technologies in the fourth quarter valued at $298,644,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. Bank of America boosted their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. DA Davidson boosted their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, KeyCorp boosted their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.85.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated 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 transaction, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer directly owned 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

NYSE:UBER traded up $1.41 during mid-day trading on Friday, reaching $93.46. The company's stock had a trading volume of 8,112,562 shares, compared to its average volume of 21,147,267. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $94.38. The firm's fifty day moving average price is $86.90 and its two-hundred day moving average price is $76.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $195.43 billion, a P/E ratio of 16.40, a PEG ratio of 1.19 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its 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 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm earned ($0.32) EPS. Uber Technologies's revenue was up 13.8% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.