Invst LLC Buys Shares of 2,684 Uber Technologies, Inc. (NYSE:UBER)

Invst LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,684 shares of the ride-sharing company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Management Professionals Inc. increased its stake in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of Uber Technologies during the first quarter worth approximately $32,000. YHB Investment Advisors Inc. purchased a new stake in shares of Uber Technologies during the first quarter worth approximately $37,000. Highlander Capital Management LLC increased its stake in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the period. Finally, Bfsg LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $31,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 $13,541,962.94. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were 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 of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders sold a total of 1,135,984 shares of company stock worth $78,213,297 over the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Uber Technologies in a research note on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price on the stock. Citigroup increased their price target on shares of Uber Technologies from $93.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Tuesday. Bank of America dropped their price target on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Tigress Financial increased their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.76.

Uber Technologies Price Performance

Uber Technologies stock traded down $2.03 during midday trading on Friday, reaching $58.99. The company’s stock had a trading volume of 27,654,556 shares, compared to its average volume of 16,050,067. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. 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’s 50 day simple moving average is $68.37 and its 200 day simple moving average is $70.92. The firm has a market capitalization of $123.26 billion, a PE ratio of 95.15, a P/E/G ratio of 1.37 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. During the same period last year, the business posted ($0.08) EPS. Uber Technologies’s revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts forecast that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

Uber Technologies Company 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.