American Capital Advisory LLC Purchases New Shares in Uber Technologies, Inc. (NYSE:UBER)

American Capital Advisory LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,802 shares of the ride-sharing company's stock, valued at approximately $641,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group restated a "hold" rating and set a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Stifel Nicolaus began coverage on shares of Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target for the company. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. KGI Securities reissued a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Finally, TD Cowen dropped their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.85.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer owned 21,063 shares of the company's stock, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

UBER stock traded down $0.12 during mid-day trading on Wednesday, reaching $92.01. 13,599,454 shares of the company's stock were exchanged, compared to its average volume of 21,061,038. 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, Inc. has a 12-month low of $54.84 and a 12-month high of $94.38. The stock's 50 day moving average is $85.92 and its 200 day moving average is $75.75. The company has a market cap of $192.41 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted ($0.32) EPS. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.