Eagle Global Advisors LLC Purchases 12,395 Shares of Uber Technologies, Inc. (NYSE:UBER)

Eagle Global Advisors LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,255 shares of the ride-sharing company’s stock after acquiring an additional 12,395 shares during the period. Eagle Global Advisors LLC’s holdings in Uber Technologies were worth $9,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AIA Group Ltd raised its stake in Uber Technologies by 15.5% during the 1st quarter. AIA Group Ltd now owns 79,616 shares of the ride-sharing company’s stock worth $5,801,000 after acquiring an additional 10,663 shares during the period. WP Advisors LLC raised its stake in Uber Technologies by 4.7% during the 1st quarter. WP Advisors LLC now owns 15,093 shares of the ride-sharing company’s stock worth $1,100,000 after acquiring an additional 683 shares during the period. Motley Fool Asset Management LLC raised its stake in Uber Technologies by 1.5% during the 1st quarter. Motley Fool Asset Management LLC now owns 97,173 shares of the ride-sharing company’s stock worth $7,080,000 after acquiring an additional 1,475 shares during the period. Independent Advisor Alliance raised its position in shares of Uber Technologies by 4.0% during the first quarter. Independent Advisor Alliance now owns 43,202 shares of the ride-sharing company’s stock valued at $3,148,000 after buying an additional 1,659 shares during the last quarter. Finally, Cove Private Wealth LLC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $231,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UBER shares. BMO Capital Markets lifted their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday. Sanford C. Bernstein lifted their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Stifel Nicolaus lifted their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Raymond James Financial upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday. Finally, UBS Group upped their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $102.82.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company’s stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 3.3%

NYSE UBER opened at $89.64 on Monday. The company’s 50-day moving average price is $89.44 and its 200-day moving average price is $81.25. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market cap of $187.45 billion, a PE ratio of 15.27, a PEG ratio of 1.03 and a beta of 1.43. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies 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.