Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,524 shares of the ride-sharing company’s stock after purchasing an additional 3,935 shares during the period. Valeo Financial Advisors LLC’s holdings in Uber Technologies were worth $1,888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. Vanguard Group Inc. increased its holdings in Uber Technologies by 34.8% during the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after purchasing an additional 43,275,830 shares during the last quarter. Capital World Investors grew its position in shares of Uber Technologies by 0.7% during 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 buying an additional 283,802 shares in the last quarter. Capital Research Global Investors increased its stake in shares of 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 buying an additional 8,164,816 shares during the last quarter. Norges Bank acquired a new stake in Uber Technologies in the fourth quarter valued at $1,415,778,000. Finally, Brown Advisory Inc. boosted its stake in Uber Technologies by 14.7% during the 4th quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock valued at $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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, June 5th. Tigress Financial increased their target price on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, April 19th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Thursday, May 16th. Jefferies Financial Group reduced their price objective on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, DA Davidson reiterated a “buy” rating and set a $81.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $84.41.

Uber Technologies Stock Up 0.8 %

Uber Technologies stock opened at $71.27 on Thursday. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The stock has a market cap of $148.92 billion, a price-to-earnings ratio of 114.95, a PEG ratio of 1.54 and a beta of 1.36. The company’s 50-day moving average price is $67.98 and its two-hundred day moving average price is $69.96. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the business earned ($0.08) earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 0.85 EPS for the current fiscal year.

Insider Activity

In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now owns 206,338 shares of the company’s stock, valued at approximately $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. 3.80% of the stock is owned by company insiders.

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.