Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 25,271 shares of the ride-sharing company’s stock after acquiring an additional 176 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Uber Technologies were worth $1,841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after acquiring an additional 1,663 shares during the last quarter. Clark Capital Management Group Inc. increased its position in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock worth $24,280,000 after purchasing an additional 399,008 shares in the last quarter. MFG Wealth Management Inc. purchased a new position in Uber Technologies in the fourth quarter valued at approximately $1,997,000. TigerOak Management L.L.C. purchased a new position in Uber Technologies in the fourth quarter valued at approximately $1,278,000. Finally, Americana Partners LLC lifted its position in Uber Technologies by 1,408.2% during the fourth quarter. Americana Partners LLC now owns 78,157 shares of the ride-sharing company’s stock valued at $4,714,000 after buying an additional 72,975 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 20th. Citigroup boosted their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. KeyCorp increased their target price on Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Wells Fargo & Company boosted their price target on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Twelve 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 stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $93.91.

Uber Technologies Trading Up 1.1%

NYSE:UBER opened at $85.60 on Monday. The stock has a market cap of $179.00 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock’s 50-day moving average is $80.38 and its two-hundred day moving average is $73.51.

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

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares of the company’s stock, valued at $25,901,755.56. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction 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. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock worth $6,517,070 in the last three months. 3.84% of the stock is owned by insiders.

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.