Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by MJP Associates Inc. ADV

MJP Associates Inc. ADV raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 30.1% in the first quarter, Holdings Channel.com reports. The fund owned 8,286 shares of the ride-sharing company’s stock after purchasing an additional 1,919 shares during the period. MJP Associates Inc. ADV’s holdings in Uber Technologies were worth $638,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after purchasing an additional 43,275,830 shares during the period. Capital World Investors lifted its stake in Uber Technologies by 0.7% in the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after acquiring an additional 283,802 shares during the last quarter. Capital Research Global Investors lifted its stake in Uber Technologies by 28.4% in the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after acquiring an additional 8,164,816 shares during the last quarter. Norges Bank purchased a new position in Uber Technologies in the fourth quarter worth approximately $1,415,778,000. Finally, Brown Advisory Inc. lifted its stake in Uber Technologies by 14.7% in the fourth quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock worth $1,107,745,000 after acquiring an additional 2,307,763 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 635,984 shares of company stock worth $42,258,297. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

UBER traded down $0.09 during trading on Friday, hitting $70.21. The stock had a trading volume of 20,913,321 shares, compared to its average volume of 13,926,086. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $146.71 billion, a P/E ratio of 113.24, a PEG ratio of 1.54 and a beta of 1.37. The company’s 50-day moving average price is $67.99 and its 200 day moving average price is $69.44. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. Uber Technologies’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UBER shares. Citigroup lifted their price target on shares of Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Piper Sandler boosted their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. DA Davidson restated a “buy” rating and set a $81.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Loop Capital reduced their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Finally, Jefferies Financial Group reduced their price objective on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.47.

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.