Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Perkins Coie Trust Co

Perkins Coie Trust Co boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 306.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 406 shares of the ride-sharing company’s stock after purchasing an additional 306 shares during the quarter. Perkins Coie Trust Co’s holdings in Uber Technologies were worth $30,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UBER. Navalign LLC grew its position in Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company’s stock valued at $1,536,000 after purchasing an additional 126 shares in the last quarter. Amplius Wealth Advisors LLC grew its position in Uber Technologies by 3.6% during the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company’s stock valued at $302,000 after purchasing an additional 145 shares in the last quarter. Welch & Forbes LLC grew its position in Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after purchasing an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC grew its position in Uber Technologies by 3.5% during the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after purchasing an additional 150 shares in the last quarter. Finally, United Advisor Group LLC grew its position in Uber Technologies by 3.6% during the fourth quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company’s stock valued at $263,000 after purchasing an additional 153 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 1.1%

Shares of UBER stock opened at $85.60 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The firm’s fifty day simple moving average is $80.38 and its 200 day simple moving average is $73.46. The firm has a market capitalization of $179.00 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. 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 announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm 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 revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on UBER. KGI Securities reaffirmed a “neutral” rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Wedbush cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Raymond James lifted their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 8th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, UBS Group lifted their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.91.

About Uber Technologies

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.