Fiduciary Financial Group LLC Makes New $250,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Fiduciary Financial Group LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,520 shares of the ride-sharing company's stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UBER. Allworth Financial LP grew its holdings in Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after buying an additional 1,663 shares during the last quarter. Clark Capital Management Group Inc. boosted its stake in shares of Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after acquiring an additional 399,008 shares during the last quarter. UMB Bank n.a. increased its position in Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in Uber Technologies in the 4th quarter valued at about $1,997,000. Finally, TigerOak Management L.L.C. purchased a new position in Uber Technologies in the 4th quarter valued at about $1,278,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at $25,901,755.56. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction 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 $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,384 shares of company stock worth $4,872,471. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Uber Technologies stock traded down $1.41 during mid-day trading on Thursday, hitting $85.17. 6,497,393 shares of the company were exchanged, compared to its average volume of 20,727,417. The business's 50 day simple moving average is $81.40 and its two-hundred day simple moving average is $73.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market capitalization of $178.10 billion, a P/E ratio of 18.68, a PEG ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.32) earnings per share. Analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on UBER shares. Loop Capital reaffirmed a "buy" rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 7th. TD Cowen dropped their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Twelve investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $94.39.

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.