Uber Technologies, Inc. (NYSE:UBER) Stock Position Boosted by Obermeyer Wealth Partners

Obermeyer Wealth Partners grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 246.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,698 shares of the ride-sharing company's stock after buying an additional 7,606 shares during the quarter. Obermeyer Wealth Partners' holdings in Uber Technologies were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new position in Uber Technologies during the 4th quarter valued at $638,000. Czech National Bank grew its holdings in Uber Technologies by 6.7% during the fourth quarter. Czech National Bank now owns 456,560 shares of the ride-sharing company's stock worth $27,540,000 after acquiring an additional 28,577 shares during the period. Fiduciary Alliance LLC grew its holdings in Uber Technologies by 5.9% during the fourth quarter. Fiduciary Alliance LLC now owns 9,068 shares of the ride-sharing company's stock worth $547,000 after acquiring an additional 502 shares during the period. Brookstone Capital Management raised its position in Uber Technologies by 15.7% in the fourth quarter. Brookstone Capital Management now owns 200,342 shares of the ride-sharing company's stock worth $12,085,000 after acquiring an additional 27,163 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in Uber Technologies in the 4th quarter valued at about $33,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

NYSE:UBER opened at $88.10 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 stock has a market cap of $184.23 billion, a P/E ratio of 19.32, a PEG ratio of 0.89 and a beta of 1.43. The company has a fifty day moving average price of $74.95 and a 200 day moving average price of $71.55. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $88.31.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results 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 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion for 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 quarterly revenue was up 13.8% on a year-over-year basis. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on UBER. JPMorgan Chase & Co. boosted 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. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. KGI Securities restated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. DA Davidson upped their target price on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Fox Advisors cut Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.69.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was 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 directly owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,904 shares of company stock valued at $6,027,619. 3.84% of the stock is currently owned by insiders.

Uber Technologies Company 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.

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