Eagle Rock Investment Company LLC Purchases New Shares in Uber Technologies, Inc. (NYSE:UBER)

Eagle Rock Investment Company LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,659 shares of the ride-sharing company’s stock, valued at approximately $1,141,000.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC increased its position in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC increased its position in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the period. Trust Point Inc. increased its position in Uber Technologies by 11.0% in the fourth quarter. Trust Point Inc. now owns 4,676 shares of the ride-sharing company’s stock worth $282,000 after purchasing an additional 464 shares during the period. Mather Group LLC. increased its position in Uber Technologies by 12.2% in the fourth quarter. Mather Group LLC. now owns 6,010 shares of the ride-sharing company’s stock worth $362,000 after purchasing an additional 653 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in Uber Technologies by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 73,752 shares of the ride-sharing company’s stock worth $4,449,000 after purchasing an additional 1,271 shares during the period. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on UBER. Fox Advisors lowered Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Citigroup boosted their target price on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. KGI Securities restated a “neutral” rating and set a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. UBS Group boosted their target price on Uber Technologies from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Piper Sandler restated an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Twelve research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $93.91.

Uber Technologies Trading Up 1.1%

NYSE UBER opened at $85.60 on Friday. The stock has a market capitalization of $179.00 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.89 and a beta of 1.38. The stock’s 50 day moving average price is $80.38 and its two-hundred day moving average price is $73.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60.

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

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was 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 of the company’s stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,788 shares of company stock worth $6,517,070. Corporate insiders own 3.84% of the company’s stock.

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.