Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Lazari Capital Management Inc.

Lazari Capital Management Inc. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 202,597 shares of the ride-sharing company’s stock after buying an additional 3,115 shares during the quarter. Uber Technologies makes up approximately 6.0% of Lazari Capital Management Inc.’s portfolio, making the stock its 4th biggest position. Lazari Capital Management Inc.’s holdings in Uber Technologies were worth $14,761,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC increased its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its position in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in Uber Technologies during the 4th quarter worth about $395,000. Wealthspire Advisors LLC raised its position in shares of Uber Technologies by 3.6% in the 4th quarter. Wealthspire Advisors LLC now owns 26,031 shares of the ride-sharing company’s stock worth $1,570,000 after acquiring an additional 905 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its stake in shares of Uber Technologies by 6.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,611 shares of the ride-sharing company’s stock valued at $761,000 after purchasing an additional 757 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on 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 now owns 21,063 shares of the company’s stock, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. KeyCorp boosted their target price 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. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, Wedbush lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.39.

Uber Technologies Price Performance

NYSE:UBER opened at $85.24 on Tuesday. The firm’s fifty day moving average is $83.77 and its two-hundred day moving average is $74.60. The firm has a market cap of $178.25 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.07 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter last year, the company earned ($0.32) EPS. The business’s revenue was up 13.8% on a year-over-year basis. Research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.