Beacon Financial Advisory LLC Invests $214,000 in Uber Technologies, Inc. (NYSE:UBER)

Beacon Financial Advisory LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,939 shares of the ride-sharing company's stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Transce3nd LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $27,000. Kozak & Associates Inc. increased its stake in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies in the 1st quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction 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 directly owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Down 1.7%

UBER traded down $1.58 during trading hours on Friday, reaching $91.54. The company's stock had a trading volume of 24,681,770 shares, compared to its average volume of 21,097,012. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $94.38. The stock has a market cap of $191.43 billion, a PE ratio of 16.03, a P/E/G ratio of 1.18 and a beta of 1.38. The business's 50-day moving average is $85.16 and its 200-day moving average is $75.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the firm earned ($0.32) earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on UBER shares. Loop Capital restated a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 7th. The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. TD Cowen lowered their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price objective for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.85.

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.