Chesley Taft & Associates LLC Invests $215,000 in Uber Technologies, Inc. (NYSE:UBER)

Chesley Taft & Associates LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,955 shares of the ride-sharing company’s stock, valued at approximately $215,000.

A number of other hedge funds have also recently modified their holdings of UBER. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Uber Technologies by 63.8% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,150 shares of the ride-sharing company’s stock valued at $521,000 after purchasing an additional 2,784 shares during the last quarter. Lake Street Private Wealth LLC boosted its holdings in Uber Technologies by 3.2% in the 1st quarter. Lake Street Private Wealth LLC now owns 78,457 shares of the ride-sharing company’s stock valued at $5,716,000 after purchasing an additional 2,415 shares during the last quarter. Gilman Hill Asset Management LLC boosted its holdings in Uber Technologies by 1.0% in the 1st quarter. Gilman Hill Asset Management LLC now owns 71,944 shares of the ride-sharing company’s stock valued at $5,242,000 after purchasing an additional 728 shares during the last quarter. Fermata Advisors LLC acquired a new position in Uber Technologies in the 1st quarter valued at about $292,000. Finally, Sugar Maple Asset Management LLC boosted its holdings in Uber Technologies by 25.1% in the 1st quarter. Sugar Maple Asset Management LLC now owns 5,031 shares of the ride-sharing company’s stock valued at $367,000 after purchasing an additional 1,010 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,788 shares of company stock valued at $6,517,070. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.1%

Shares of NYSE:UBER opened at $85.60 on Friday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The company’s 50 day moving average is $80.38 and its two-hundred day moving average is $73.46. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market cap of $179.00 billion, a PE ratio of 18.77, a P/E/G ratio of 0.89 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UBER shares. The Goldman Sachs Group boosted their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Raymond James upped their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 8th. DA Davidson upped their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, Wedbush lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Twelve investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price 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.