Paragon Capital Management Inc. Purchases Shares of 22,082 Uber Technologies, Inc. (NYSE:UBER)

Paragon Capital Management Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,082 shares of the ride-sharing company’s stock, valued at approximately $1,609,000. Uber Technologies accounts for approximately 1.3% of Paragon Capital Management Inc.’s investment portfolio, making the stock its 20th largest position.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $395,000. NewEdge Wealth LLC grew its holdings in shares of Uber Technologies by 67.4% during the 4th quarter. NewEdge Wealth LLC now owns 347,240 shares of the ride-sharing company’s stock worth $20,945,000 after purchasing an additional 139,780 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares of the company’s stock, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $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 own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wedbush lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Barclays raised their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Fox Advisors lowered Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Citigroup increased 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. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.18.

Uber Technologies Stock Up 2.4%

Shares of NYSE UBER opened at $93.09 on Friday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $94.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $194.67 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.15 and a beta of 1.38. The firm has a 50 day moving average price of $84.83 and a 200 day moving average price of $75.02.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the firm posted ($0.32) earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS 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.