Uber Technologies, Inc. (NYSE:UBER) Stock Position Raised by Howard Financial Services LTD.

Howard Financial Services LTD. lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 10.9% in the 1st quarter, Holdings Channel reports. The fund owned 5,842 shares of the ride-sharing company’s stock after buying an additional 575 shares during the period. Howard Financial Services LTD.’s holdings in Uber Technologies were worth $426,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its position in Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after buying an additional 1,663 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in Uber Technologies in the 4th quarter worth approximately $3,188,000. Clark Capital Management Group Inc. lifted its position in Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock worth $24,280,000 after buying an additional 399,008 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its position in Uber Technologies by 1,705.2% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 56,592 shares of the ride-sharing company’s stock worth $3,414,000 after buying an additional 53,457 shares in the last quarter. Finally, Greenwood Capital Associates LLC lifted its position in Uber Technologies by 6.4% in the 4th quarter. Greenwood Capital Associates LLC now owns 84,658 shares of the ride-sharing company’s stock worth $5,107,000 after buying an additional 5,095 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UBER shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Monday, May 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 20th. KGI Securities reiterated a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, KeyCorp raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.91.

Insiders Place Their Bets

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock worth $6,517,070 in the last ninety days. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $84.30 on Friday. 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 firm has a market capitalization of $176.29 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 0.89 and a beta of 1.43. The company’s fifty day moving average is $79.17 and its two-hundred day moving average is $72.92. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current 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.