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

Beacon Financial Advisory LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,939 shares of the ride-sharing company's stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors increased its stake in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after buying an additional 52,125,476 shares during the period. Norges Bank bought a new stake in Uber Technologies in the fourth quarter valued at $1,467,754,000. Boston Partners purchased a new position in Uber Technologies during the 4th quarter valued at $381,057,000. Toyota Motor Corp bought a new position in Uber Technologies in the 4th quarter worth $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $298,644,000. Institutional investors own 80.24% of the company's stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The stock was 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 in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer owned 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 disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. KGI Securities reiterated a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Truist Financial raised their target price on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Citigroup raised their price objective on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.85.

Uber Technologies Stock Performance

Uber Technologies stock traded down $1.10 during trading on Tuesday, reaching $92.20. The company had a trading volume of 11,865,034 shares, compared to its average volume of 21,047,286. The firm has a market capitalization of $192.80 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm's 50-day simple moving average is $85.56 and its 200 day simple moving average is $75.63. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $94.38.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the company posted ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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.