13,367 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Kingsman Wealth Management Inc.

Kingsman Wealth Management Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,367 shares of the ride-sharing company's stock, valued at approximately $974,000. Uber Technologies makes up about 0.7% of Kingsman Wealth Management Inc.'s portfolio, making the stock its 25th largest holding.

A number of other hedge funds have also added to or reduced their stakes in UBER. Navalign LLC grew its position in Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after buying an additional 126 shares during the period. Grove Bank & Trust boosted its holdings in Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after purchasing an additional 133 shares during the last quarter. Forum Financial Management LP boosted its holdings in Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock valued at $798,000 after purchasing an additional 136 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after acquiring an additional 138 shares during the last quarter. Finally, Amplius Wealth Advisors LLC increased its stake in Uber Technologies by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after buying an additional 145 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Up 0.6%

Uber Technologies stock traded up $0.57 during midday trading on Monday, reaching $91.16. The company's stock had a trading volume of 12,128,198 shares, compared to its average volume of 21,148,979. The stock's 50-day simple moving average is $89.22 and its 200-day simple moving average is $78.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $190.64 billion, a P/E ratio of 15.97, a PEG ratio of 1.15 and a beta of 1.40. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm earned ($0.32) EPS. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock valued at $3,496,071 in the last ninety days. Company insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on UBER shares. KeyCorp increased their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Wells Fargo & Company boosted their price target on shares of Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. TD Cowen reduced their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Twelve research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $98.53.

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.