Balefire LLC Purchases Shares of 9,709 Uber Technologies, Inc. (NYSE:UBER)

Balefire LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,709 shares of the ride-sharing company's stock, valued at approximately $707,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Brighton Jones LLC raised its stake in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG bought a new position in Uber Technologies during the fourth quarter worth $395,000. IFP Advisors Inc grew its holdings in Uber Technologies by 35.7% in the fourth quarter. IFP Advisors Inc now owns 34,477 shares of the ride-sharing company's stock worth $2,080,000 after purchasing an additional 9,061 shares during the period. Finally, FFT Wealth Management LLC grew its holdings in Uber Technologies by 8.3% in the fourth quarter. FFT Wealth Management LLC now owns 11,334 shares of the ride-sharing company's stock worth $684,000 after purchasing an additional 870 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded up $2.19 during trading on Thursday, hitting $93.09. The stock had a trading volume of 23,563,190 shares, compared to its average volume of 20,993,427. The firm has a market cap of $194.67 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.17 and a beta of 1.38. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $94.24. The business's 50-day moving average is $84.48 and its 200 day moving average is $74.83. 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 (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.32) EPS. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the company's 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 owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale 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 company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $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. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on UBER shares. UBS Group upped their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, May 7th. Truist Financial raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target 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.