Impact Capital Partners LLC Has $463,000 Stake in Uber Technologies, Inc. (NYSE:UBER)

Impact Capital Partners LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,361 shares of the ride-sharing company’s stock after purchasing an additional 288 shares during the period. Impact Capital Partners LLC’s holdings in Uber Technologies were worth $463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after buying an additional 1,663 shares during the period. Clark Capital Management Group Inc. increased its stake in shares of Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock valued at $24,280,000 after buying an additional 399,008 shares during the period. MFG Wealth Management Inc. acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $1,997,000. TigerOak Management L.L.C. acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $1,278,000. Finally, Americana Partners LLC increased its stake in shares of Uber Technologies by 1,408.2% in the 4th quarter. Americana Partners LLC now owns 78,157 shares of the ride-sharing company’s stock valued at $4,714,000 after buying an additional 72,975 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UBER shares. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, April 16th. Citigroup raised their price target on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Bank of America raised their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company raised their price target on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Twelve investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $93.91.

Uber Technologies Stock Performance

UBER opened at $85.60 on Friday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The firm has a market capitalization of $179.00 billion, a PE ratio of 18.77, a PEG ratio of 0.89 and a beta of 1.38. 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 business’s 50-day simple moving average is $80.38 and its 200 day simple moving average is $73.49.

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

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business’s 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 transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Over 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.