Bennett Selby Investments LP Acquires Shares of 5,187 Uber Technologies, Inc. (NYSE:UBER)

Bennett Selby Investments LP acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,187 shares of the ride-sharing company's stock, valued at approximately $378,000.

A number of other hedge funds have also added to or reduced their stakes in UBER. Allworth Financial LP grew its position in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock worth $1,229,000 after buying an additional 1,663 shares during the period. Clark Capital Management Group Inc. grew its position in shares of Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after buying an additional 399,008 shares during the period. MFG Wealth Management Inc. purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $1,997,000. TigerOak Management L.L.C. purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $1,278,000. Finally, Americana Partners LLC grew its position in shares of Uber Technologies by 1,408.2% in the 4th quarter. Americana Partners LLC now owns 78,157 shares of the ride-sharing company's stock worth $4,714,000 after buying an additional 72,975 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. This trade represents a 5.24% 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, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,788 shares of company stock worth $6,517,070 over the last quarter. Insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 1.1%

Uber Technologies stock opened at $85.60 on Friday. The stock has a market cap of $179.00 billion, a P/E ratio of 18.77, a PEG ratio of 0.89 and a beta of 1.38. 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, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The firm's 50 day moving average price is $80.38 and its 200-day moving average price is $73.49.

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, 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 net margin of 22.41% and a return on equity of 62.60%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) earnings per share. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Raymond James upped their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 8th. Bank of America upped their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, KGI Securities restated a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $93.91.

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.

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