Clare Market Investments LLC Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Clare Market Investments LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 80.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,873 shares of the ride-sharing company’s stock after buying an additional 32,517 shares during the period. Uber Technologies accounts for approximately 1.4% of Clare Market Investments LLC’s portfolio, making the stock its 16th largest position. Clare Market Investments LLC’s holdings in Uber Technologies were worth $5,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Capital Research Global Investors lifted its holdings in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock worth $7,125,728,000 after buying an additional 52,125,476 shares during the period. Norges Bank purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $1,467,754,000. Boston Partners purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $381,057,000. Toyota Motor Corp purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $298,644,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a report on Friday, May 23rd. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. TD Cowen lowered their target price on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Arete Research upgraded shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $93.91.

Uber Technologies Price Performance

Shares of UBER opened at $83.53 on Thursday. The firm has a market cap of $174.68 billion, a PE ratio of 18.32, a P/E/G 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. The firm has a fifty day simple moving average of $79.90 and a two-hundred day simple moving average of $73.24. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60.

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

Insider Transactions at Uber Technologies

In related news, 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 completion of the transaction, the insider now owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider now directly owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock worth $6,517,070 in the last three months. Corporate insiders own 3.84% of the company’s stock.

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.