Sugar Maple Asset Management LLC Acquires 1,010 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sugar Maple Asset Management LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 25.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,031 shares of the ride-sharing company’s stock after purchasing an additional 1,010 shares during the period. Sugar Maple Asset Management LLC’s holdings in Uber Technologies were worth $367,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors raised its stake in shares of 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 stake in Uber Technologies in the 4th quarter worth approximately $1,467,754,000. Boston Partners bought a new stake in Uber Technologies during the 4th quarter worth approximately $381,057,000. Toyota Motor Corp purchased a new position in Uber Technologies during the fourth quarter valued at approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in Uber Technologies during the fourth quarter valued at approximately $298,644,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of UBER stock opened at $83.53 on Thursday. The stock has a 50 day moving average price of $79.90 and a 200 day moving average price of $73.24. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $174.68 billion, a P/E ratio of 18.32, a P/E/G ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion during 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%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the company earned ($0.32) earnings per share. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. This represents a 5.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04% 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 90 days. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent analyst reports. Bank of America raised their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the stock a “buy” rating in a research note on Friday, May 23rd. Wedbush downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. Raymond James upped their price objective on Uber Technologies from $95.00 to $100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 8th. Finally, Truist Financial lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently 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.