LifeSteps Financial Inc. Makes New $447,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

LifeSteps Financial Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 6,132 shares of the ride-sharing company's stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clark Capital Management Group Inc. lifted its stake in Uber Technologies by 11,354.8% during the 4th 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 in the last quarter. UMB Bank n.a. boosted its holdings in Uber Technologies by 33.6% during the first 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 during the last quarter. Revolve Wealth Partners LLC grew its position in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. bought a new stake in Uber Technologies in the 4th quarter worth about $1,875,000. Finally, APG Asset Management N.V. purchased a new stake in Uber Technologies in the 4th quarter valued at about $84,687,000. Institutional investors own 80.24% of the company's stock.

Insider Activity

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

Uber Technologies Price Performance

UBER stock traded up $2.19 during mid-day trading on Thursday, reaching $93.09. 23,563,190 shares of the company traded hands, compared to its average volume of 20,993,427. The company has a fifty day moving average price of $84.48 and a 200-day moving average price of $74.83. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $94.24. The company has a market capitalization of $194.67 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.17 and a beta of 1.38. 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 (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, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the previous year, the company earned ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and upped their target price for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th. Citigroup raised their target price on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada reiterated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.18.

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.