Blackston Financial Advisory Group LLC Makes New $225,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Blackston Financial Advisory Group LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,084 shares of the ride-sharing company's stock, valued at approximately $225,000.

Other institutional investors have also recently modified their holdings of the company. Transce3nd LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $27,000. Kozak & Associates Inc. increased its stake in Uber Technologies by 155.9% in 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 period. Noble Wealth Management PBC bought a new stake in Uber Technologies in the first quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $28,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on UBER shares. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Royal Bank of Canada restated an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. KeyCorp increased their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Loop Capital reissued a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Eleven research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

Insiders Place Their Bets

In related news, 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 transaction of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,384 shares of company stock valued at $3,441,071. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Down 0.5%

UBER traded down $0.41 during trading on Tuesday, hitting $84.71. 13,664,010 shares of the company's stock traded hands, compared to its average volume of 20,736,206. The stock has a market capitalization of $177.14 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 0.89 and a beta of 1.38. The company's 50 day simple moving average is $82.60 and its two-hundred day simple moving average is $74.09. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results 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. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the company posted ($0.32) earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.