Kingstone Capital Partners Texas LLC Invests $359,000 in Uber Technologies, Inc. (NYSE:UBER)

Kingstone Capital Partners Texas LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,946 shares of the ride-sharing company's stock, valued at approximately $359,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Navalign LLC lifted its holdings in shares of Uber Technologies by 0.5% in 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. Welch & Forbes LLC raised its position in Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after acquiring an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC raised its position in Uber Technologies by 3.5% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock worth $282,000 after acquiring an additional 150 shares in the last quarter. Drive Wealth Management LLC boosted its position in shares of Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock valued at $312,000 after purchasing an additional 155 shares in the last quarter. Finally, Institute for Wealth Management LLC. boosted its position in shares of Uber Technologies by 2.4% during the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock valued at $398,000 after purchasing an additional 155 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on UBER shares. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Evercore ISI reduced their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Finally, Bank of America upped their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Stock Performance

NYSE:UBER traded up $1.25 during midday trading on Tuesday, reaching $89.00. The stock had a trading volume of 17,434,956 shares, compared to its average volume of 20,428,867. The stock has a market capitalization of $186.11 billion, a P/E ratio of 19.52, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. 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 firm's fifty day simple moving average is $78.47 and its 200-day simple moving average is $72.61.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results 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. The firm 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 62.60% and a net margin of 22.41%. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned ($0.32) earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,788 shares of company stock valued at $6,517,070. Corporate insiders own 3.84% of the company's stock.

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.