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

Kingstone Capital Partners Texas LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,946 shares of the ride-sharing company's stock, valued at approximately $359,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Avion Wealth raised its stake in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the last quarter. Transce3nd LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies during the fourth quarter valued at approximately $28,000. Finally, GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

UBER stock traded down $0.61 during trading hours on Wednesday, reaching $88.39. The stock had a trading volume of 13,749,595 shares, compared to its average volume of 20,402,983. The stock has a market capitalization of $184.84 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. 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 stock has a 50-day simple moving average of $78.76 and a 200 day simple moving average of $72.73. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 22.41% and a return on equity of 62.60%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.32) earnings per share. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

UBER has been the subject of a number of analyst reports. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price objective for the company from $80.00 to $85.00 in a report on Thursday, May 8th. UBS Group boosted their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Citigroup boosted their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. 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. Finally, Arete Research upgraded shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $93.91.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on 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 owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's 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 sale, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock worth $6,517,070 over the last quarter. 3.84% of the stock is currently owned by insiders.

Uber Technologies Company 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.