Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Cyr Financial Inc.

Cyr Financial Inc. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,117 shares of the ride-sharing company’s stock after acquiring an additional 226 shares during the quarter. Uber Technologies accounts for about 1.0% of Cyr Financial Inc.’s investment portfolio, making the stock its 16th biggest position. Cyr Financial Inc.’s holdings in Uber Technologies were worth $956,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC boosted its stake in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of 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 purchasing an additional 6,129 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Uber Technologies by 228.0% during the fourth quarter. Van ECK Associates Corp now owns 14,910 shares of the ride-sharing company’s stock worth $899,000 after purchasing an additional 10,364 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies in the fourth quarter worth about $395,000. Finally, Venturi Wealth Management LLC grew its stake in Uber Technologies by 56.5% in the fourth quarter. Venturi Wealth Management LLC now owns 3,185 shares of the ride-sharing company’s stock worth $192,000 after purchasing an additional 1,150 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UBER shares. UBS Group increased their target price on Uber Technologies from $103.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. KGI Securities reissued a “neutral” rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 7th. Loop Capital reiterated a “buy” rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, KeyCorp raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.39.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company’s stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares of the company’s stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 0.3%

UBER opened at $83.73 on Friday. 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 company has a market capitalization of $175.09 billion, a PE ratio of 14.66, a P/E/G ratio of 1.07 and a beta of 1.38. The stock’s fifty day moving average is $83.53 and its 200-day moving average is $74.41. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60.

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 analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the company earned ($0.32) earnings per share. Uber Technologies’s revenue was up 13.8% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

About Uber Technologies

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.