Andrew Hill Investment Advisors Inc. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Andrew Hill Investment Advisors Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,495 shares of the ride-sharing company's stock, valued at approximately $2,295,000. Uber Technologies accounts for about 2.2% of Andrew Hill Investment Advisors Inc.'s holdings, making the stock its 20th biggest position.

Other hedge funds also recently made changes to their positions in the company. Avion Wealth increased its stake in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the period. Transce3nd LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies in the fourth quarter worth $28,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after buying an additional 223 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company'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 transaction, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,788 shares of company stock worth $6,517,070. Company insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Loop Capital reaffirmed a "buy" rating and issued a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Bank of America boosted their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Barclays boosted their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Piper Sandler reissued an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Stock Down 0.4%

Uber Technologies stock traded down $0.30 during mid-day trading on Friday, reaching $84.00. The stock had a trading volume of 29,036,834 shares, compared to its average volume of 20,590,489. The company has a market capitalization of $175.66 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 0.89 and a beta of 1.43. The company has a 50-day moving average price of $79.34 and a two-hundred day moving average price of $73.02. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies 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.