Floyd Financial Group LLC Acquires Shares of 9,281 Uber Technologies, Inc. (NYSE:UBER)

Floyd Financial Group LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 9,281 shares of the ride-sharing company's stock, valued at approximately $676,000.

Several other large investors have also recently made changes to their positions in UBER. Capital Research Global Investors lifted its holdings in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Norges Bank purchased a new position in shares of Uber Technologies during the fourth quarter worth $1,467,754,000. Boston Partners acquired a new position in Uber Technologies during the fourth quarter valued at $381,057,000. Toyota Motor Corp purchased a new stake in Uber Technologies in the fourth quarter valued at $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Uber Technologies during the fourth quarter worth about $298,644,000. 80.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction 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 transaction, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tony West sold 23,404 shares of the stock in a transaction on 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 owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,788 shares of company stock valued at $6,517,070 over the last quarter. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Up 1.4%

Shares of NYSE:UBER traded up $1.17 on Thursday, hitting $84.62. 33,295,404 shares of the company's stock were exchanged, compared to its average volume of 20,699,413. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a market capitalization of $176.96 billion, a PE ratio of 18.56, a P/E/G ratio of 0.89 and a beta of 1.38. The firm's 50-day moving average is $79.90 and its 200 day moving average is $73.24.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate 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 was up 13.8% on a year-over-year basis. During the same period last year, the firm posted ($0.32) EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, April 16th. Bank of America boosted their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Citigroup increased 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. Loop Capital restated a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, Fox Advisors downgraded 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, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $93.91.

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.