22,215 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Retirement Guys Formula LLC

Retirement Guys Formula LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 22,215 shares of the ride-sharing company's stock, valued at approximately $1,619,000.

Other hedge funds also recently bought and sold shares of the company. Sheets Smith Wealth Management grew its stake in shares of Uber Technologies by 20.5% in the first quarter. Sheets Smith Wealth Management now owns 74,041 shares of the ride-sharing company's stock worth $5,395,000 after acquiring an additional 12,616 shares during the last quarter. Sava Infond d.o.o. boosted its holdings in Uber Technologies by 35.0% in the 1st quarter. Sava Infond d.o.o. now owns 33,860 shares of the ride-sharing company's stock valued at $2,467,000 after purchasing an additional 8,770 shares during the period. WoodTrust Financial Corp grew its position in Uber Technologies by 8.7% in the 1st quarter. WoodTrust Financial Corp now owns 24,500 shares of the ride-sharing company's stock worth $1,785,000 after purchasing an additional 1,968 shares during the last quarter. Spirepoint Private Client LLC increased its holdings in shares of Uber Technologies by 1,221.9% during the 1st quarter. Spirepoint Private Client LLC now owns 58,798 shares of the ride-sharing company's stock worth $4,284,000 after purchasing an additional 54,350 shares during the period. Finally, Consolidated Portfolio Review Corp acquired a new position in shares of Uber Technologies during the first quarter valued at about $214,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UBER has been the topic of a number of recent research reports. Tigress Financial set a $110.00 target price on Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 7th. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Barclays raised their target price on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, KeyCorp boosted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Eleven 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, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $94.39.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the company's 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 completion of the transaction, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of UBER stock opened at $85.24 on Tuesday. The stock has a market cap of $178.25 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. The stock has a 50-day moving average of $83.77 and a 200-day moving average of $74.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60.

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

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