Bensler LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Bensler LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 103,211 shares of the ride-sharing company's stock, valued at approximately $7,520,000.

A number of other large investors have also recently added to or reduced their stakes in UBER. Avion Wealth grew its stake in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. Kozak & Associates Inc. boosted its stake in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter worth about $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UBER shares. 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. DA Davidson raised their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wells Fargo & Company raised their price target on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. KeyCorp raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, UBS Group increased their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $94.39.

Uber Technologies Stock Down 2.1%

Shares of UBER traded down $1.81 during mid-day trading on Friday, reaching $83.81. 17,974,278 shares of the stock traded hands, compared to its average volume of 20,762,339. The firm has a market cap of $175.26 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.89 and a beta of 1.38. The stock has a fifty day simple moving average of $81.81 and a 200 day simple moving average of $73.89. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.32) earnings per share. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 completion of the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,384 shares of company stock valued at $3,441,071. 3.84% of the stock is currently owned by corporate insiders.

About Uber Technologies

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.