Consilium Wealth Advisory LLC Buys New Position in Uber Technologies, Inc. (NYSE:UBER)

Consilium Wealth Advisory LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,961 shares of the ride-sharing company's stock, valued at approximately $507,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Transce3nd LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies during the 4th quarter worth $27,000. Kozak & Associates Inc. lifted its holdings in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new position in Uber Technologies in the 1st quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the 4th quarter valued at about $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of UBER traded down $0.41 during mid-day trading on Tuesday, reaching $84.71. 13,664,010 shares of the company's stock traded hands, compared to its average volume of 20,736,206. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The business's 50-day moving average price is $82.60 and its 200-day moving average price is $74.09. The stock has a market capitalization of $177.14 billion, a P/E ratio of 18.58, a price-to-earnings-growth 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 announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company boosted their price target on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded Uber Technologies from a "hold" rating to a "buy" rating in a report on Sunday. TD Cowen reduced their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. UBS Group raised their price target on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Arete Research raised shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Eleven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $94.39.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock worth $3,441,071 over the last ninety days. 3.84% of the stock is currently owned by corporate 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.