National Asset Management Inc. raised its position in Uber Technologies Inc (NYSE:UBER) by 85.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,861 shares of the ride-sharing company’s stock after buying an additional 21,166 shares during the period. National Asset Management Inc.’s holdings in Uber Technologies were worth $1,281,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Atticus Wealth Management LLC acquired a new position in Uber Technologies in the fourth quarter valued at about $30,000. Keebeck Wealth Management LLC acquired a new position in Uber Technologies in the fourth quarter valued at about $29,000. Ellis Investment Partners LLC acquired a new position in Uber Technologies in the first quarter valued at about $25,000. Patriot Financial Group Insurance Agency LLC boosted its position in Uber Technologies by 216.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,074 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 735 shares in the last quarter. Finally, MBE Wealth Management LLC acquired a new position in shares of Uber Technologies during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 60.35% of the company’s stock.
In related news, Director Garrett Camp sold 170,000 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $23.24, for a total transaction of $3,950,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 1,700,000 shares of company stock valued at $46,486,500 in the last 90 days. 8.66% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on UBER. DA Davidson upgraded shares of Uber Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, May 8th. Wells Fargo & Co upgraded shares of Uber Technologies from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $45.00 to $41.00 in a research report on Friday, March 20th. Royal Bank of Canada upped their target price on shares of Uber Technologies from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. MKM Partners reduced their target price on shares of Uber Technologies from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Goldman Sachs Group upped their target price on shares of Uber Technologies from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Five research analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company’s stock. Uber Technologies currently has an average rating of “Buy” and a consensus target price of $43.46.
Shares of UBER stock traded up $0.57 during trading hours on Friday, hitting $34.83. 18,571,977 shares of the company were exchanged, compared to its average volume of 34,990,580. The business has a 50 day moving average of $29.08 and a two-hundred day moving average of $30.85. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.60. Uber Technologies Inc has a 52 week low of $13.71 and a 52 week high of $47.08.
Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported ($0.64) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.79) by $0.15. Uber Technologies had a negative net margin of 71.48% and a negative return on equity of 58.70%. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the firm earned ($2.26) earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts predict that Uber Technologies Inc will post -3.61 earnings per share for the current fiscal year.
Uber Technologies Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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