3,382 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Elyxium Wealth LLC

Elyxium Wealth LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,382 shares of the ride-sharing company's stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Transce3nd LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. increased its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $28,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Uber Technologies stock opened at $90.57 on Monday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company's 50-day moving average price is $89.22 and its 200-day moving average price is $78.82. The company has a market cap of $189.40 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

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

Analyst Ratings Changes

UBER has been the topic of several research reports. Stifel Nicolaus initiated coverage on shares of Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 target price on the stock. KeyCorp raised their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Twelve equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $97.63.

Insider Transactions at Uber Technologies

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

Uber Technologies 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.

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