Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Traynor Capital Management Inc.

Traynor Capital Management Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 23.4% in the 1st quarter, Holdings Channel reports. The fund owned 72,997 shares of the ride-sharing company’s stock after acquiring an additional 13,857 shares during the quarter. Traynor Capital Management Inc.’s holdings in Uber Technologies were worth $5,620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highlander Capital Management LLC boosted its position in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the period. Treasurer of the State of North Carolina increased its stake in Uber Technologies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock worth $40,360,000 after purchasing an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA boosted its stake in shares of Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after purchasing an additional 14,153 shares during the period. Financial Enhancement Group LLC purchased a new stake in Uber Technologies during the 4th quarter worth approximately $1,112,000. Finally, Fifth Third Bancorp lifted its holdings in Uber Technologies by 54.3% during the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock worth $4,242,000 after buying an additional 24,247 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Uber Technologies stock traded up $0.52 during trading hours on Monday, reaching $70.73. 8,196,570 shares of the stock were exchanged, compared to its average volume of 19,576,670. The stock has a market cap of $147.79 billion, a P/E ratio of 113.24, a P/E/G ratio of 1.54 and a beta of 1.37. The firm’s 50 day moving average is $67.99 and its 200 day moving average is $69.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. During the same quarter in the previous year, the business earned ($0.08) EPS. Uber Technologies’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts predict that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several analyst reports. Tigress Financial increased their price objective on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. JMP Securities restated a “market outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, May 16th. Truist Financial lifted their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $95.00 to $89.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $84.47.

Check Out Our Latest Analysis on Uber Technologies

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tony West sold 89,234 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the transaction, the insider now directly owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock valued at $42,258,297 over the last quarter. Company insiders own 3.84% of the company’s stock.

Uber Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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