Sugar Maple Asset Management LLC Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Sugar Maple Asset Management LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 25.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,031 shares of the ride-sharing company’s stock after purchasing an additional 1,010 shares during the quarter. Sugar Maple Asset Management LLC’s holdings in Uber Technologies were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Uber Technologies by 3.4% in 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 increased its position in shares of Uber Technologies by 65.0% in 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 period. CENTRAL TRUST Co raised its stake in shares of Uber Technologies by 281.3% during the fourth quarter. CENTRAL TRUST Co now owns 4,423 shares of the ride-sharing company’s stock valued at $267,000 after acquiring an additional 3,263 shares during the last quarter. Trust Point Inc. boosted its holdings in shares of Uber Technologies by 11.0% during the fourth quarter. Trust Point Inc. now owns 4,676 shares of the ride-sharing company’s stock worth $282,000 after purchasing an additional 464 shares during the period. Finally, Tempus Wealth Planning LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth about $311,000. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,788 shares of company stock worth $6,517,070. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $83.53 on Thursday. The company has a market cap of $174.68 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 0.89 and a beta of 1.38. The business’s fifty day simple moving average is $79.90 and its two-hundred day simple moving average is $73.24. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on UBER. Evercore ISI dropped their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. KGI Securities reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. DA Davidson boosted their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, TD Cowen cut their target price on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $93.91.

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.