3,087 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Aspetuck Financial Management LLC

Aspetuck Financial Management LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,087 shares of the ride-sharing company's stock, valued at approximately $225,000.

Several other large investors have also added to or reduced their stakes in the business. Security National Bank raised its stake in shares of Uber Technologies by 3,000.0% during the 1st quarter. Security National Bank now owns 3,100 shares of the ride-sharing company's stock worth $226,000 after purchasing an additional 3,000 shares in the last quarter. TigerOak Management L.L.C. raised its position in Uber Technologies by 2.0% during the first quarter. TigerOak Management L.L.C. now owns 21,617 shares of the ride-sharing company's stock worth $1,575,000 after acquiring an additional 427 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Uber Technologies during the first quarter worth $101,000. Pinnacle Bancorp Inc. lifted its stake in Uber Technologies by 30.9% in the first quarter. Pinnacle Bancorp Inc. now owns 3,590 shares of the ride-sharing company's stock valued at $262,000 after acquiring an additional 848 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of Uber Technologies by 243.1% in the 1st quarter. Golden State Wealth Management LLC now owns 4,834 shares of the ride-sharing company's stock valued at $352,000 after acquiring an additional 3,425 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The stock was 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 of the company's stock, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Up 2.4%

NYSE UBER traded up $2.19 during trading hours on Thursday, hitting $93.09. 23,563,190 shares of the company's stock were exchanged, compared to its average volume of 20,993,421. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $94.24. The stock has a 50-day simple moving average of $84.48 and a 200 day simple moving average of $74.83. The firm has a market cap of $194.67 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.17 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data 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 27.07% and a return on equity of 66.46%. The business's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.32) EPS. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on UBER shares. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Truist Financial lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Barclays increased their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Bank of America lifted their price objective 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. Eleven analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $95.18.

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.