Chapin Davis Inc. Invests $4.31 Million in Uber Technologies, Inc. (NYSE:UBER)

Chapin Davis Inc. purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 55,983 shares of the ride-sharing company’s stock, valued at approximately $4,310,000. Uber Technologies makes up about 1.6% of Chapin Davis Inc.’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. Financial Management Professionals Inc. grew its stake in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at about $30,000. Highlander Capital Management LLC increased its holdings in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares during the last quarter. Bfsg LLC purchased a new position in Uber Technologies during the 4th quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UBER. Truist Financial boosted their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Loop Capital decreased their price objective on Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. UBS Group dropped their price objective on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. DA Davidson reissued a “buy” rating and issued a $81.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Finally, Piper Sandler increased their price target on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.41.

Uber Technologies Trading Up 0.3 %

Uber Technologies stock opened at $72.91 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $152.35 billion, a PE ratio of 117.23, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36. The stock has a 50-day moving average of $67.90 and a two-hundred day moving average of $69.83. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the previous year, the business earned ($0.08) earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 0.85 EPS for the current fiscal year.

Insider Activity

In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock valued at $42,258,297 over the last ninety days. 3.80% of the stock is currently owned by insiders.

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.