Alpha Cubed Investments LLC Buys Shares of 3,159 Uber Technologies, Inc. (NYSE:UBER)

Alpha Cubed Investments LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,159 shares of the ride-sharing company's stock, valued at approximately $230,000.

Other large investors have also modified their holdings of the company. Crossmark Global Holdings Inc. increased its stake in shares of Uber Technologies by 10.8% during the first quarter. Crossmark Global Holdings Inc. now owns 97,759 shares of the ride-sharing company's stock worth $7,123,000 after purchasing an additional 9,544 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Uber Technologies by 21.7% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 71,462 shares of the ride-sharing company's stock worth $5,207,000 after purchasing an additional 12,727 shares in the last quarter. Financial Counselors Inc. purchased a new stake in shares of Uber Technologies during the first quarter worth about $246,000. Byrne Financial Freedom LLC purchased a new stake in shares of Uber Technologies during the first quarter worth about $299,000. Finally, Callan Capital LLC increased its stake in shares of Uber Technologies by 62.8% during the first quarter. Callan Capital LLC now owns 6,761 shares of the ride-sharing company's stock worth $493,000 after purchasing an additional 2,608 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock traded up $0.84 during mid-day trading on Tuesday, hitting $97.52. The stock had a trading volume of 20,566,899 shares, compared to its average volume of 21,179,519. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.72. The firm has a market cap of $203.93 billion, a PE ratio of 17.08, a PEG ratio of 1.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company's 50-day simple moving average is $87.27 and its 200-day simple moving average is $76.78.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping 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 last year, the business earned ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated 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 owned 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Citigroup upped their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. KeyCorp upped their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wells Fargo & Company upped their price objective on shares of Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Barclays increased their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $95.97.

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.