RMR Wealth Builders Grows Position in Uber Technologies, Inc. (NYSE:UBER)

RMR Wealth Builders boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 43.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,167 shares of the ride-sharing company’s stock after purchasing an additional 6,685 shares during the quarter. RMR Wealth Builders’ holdings in Uber Technologies were worth $1,615,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the first quarter worth $27,000. Kozak & Associates Inc. lifted its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares in the last quarter. Perkins Coie Trust Co lifted its position in shares of Uber Technologies by 306.0% during the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 306 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UBER has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 7th. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. UBS Group increased their price objective 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. Finally, Wedbush downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.39.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred 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 sale, the insider now owns 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares of the company’s stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,384 shares of company stock worth $3,441,071. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

UBER stock opened at $85.65 on Friday. The firm has a market cap of $179.11 billion, a PE ratio of 18.78, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $81.81 and a 200-day moving average of $73.89. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month 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, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.32) earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.