CIBC Private Wealth Group LLC Purchases 6,426 Shares of Uber Technologies, Inc. (NYSE:UBER)

CIBC Private Wealth Group LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBERFree Report) by 70.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,568 shares of the ride-sharing company’s stock after acquiring an additional 6,426 shares during the period. CIBC Private Wealth Group LLC’s holdings in Uber Technologies were worth $959,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Intrepid Financial Planning Group LLC bought a new stake in Uber Technologies in the fourth quarter valued at approximately $203,000. Peapack Gladstone Financial Corp bought a new stake in Uber Technologies in the fourth quarter valued at approximately $237,000. Cornerstone Advisory LLC bought a new stake in Uber Technologies in the fourth quarter valued at approximately $202,000. Rafferty Asset Management LLC boosted its holdings in Uber Technologies by 406.2% in the fourth quarter. Rafferty Asset Management LLC now owns 222,793 shares of the ride-sharing company’s stock valued at $13,717,000 after acquiring an additional 178,777 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Uber Technologies by 313.1% in the fourth quarter. CIBC Asset Management Inc now owns 277,584 shares of the ride-sharing company’s stock valued at $17,091,000 after acquiring an additional 210,387 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 0.6 %

Shares of UBER opened at $69.31 on Monday. The business has a 50-day moving average of $69.07 and a 200 day moving average of $68.56. Uber Technologies, Inc. has a fifty-two week low of $39.04 and a fifty-two week high of $82.14. The firm has a market cap of $144.82 billion, a P/E ratio of 111.79, a price-to-earnings-growth ratio of 1.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same period last year, the business posted ($0.08) EPS. The company’s revenue was up 14.8% compared to the same quarter last year. As a group, research analysts forecast that Uber Technologies, Inc. will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company reduced their target price on Uber Technologies from $95.00 to $89.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Oppenheimer reissued an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, June 5th. DA Davidson reissued a “buy” rating and issued a $81.00 price target on shares of Uber Technologies in a research note on Wednesday, May 8th. UBS Group dropped their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

View Our Latest Analysis on Uber Technologies

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 607,984 shares of company stock valued at $40,279,537. 3.80% of the stock is owned by insiders.

Uber Technologies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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