BLB&B Advisors LLC Invests $201,000 in Uber Technologies, Inc. (NYSE:UBER)

BLB&B Advisors LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,762 shares of the ride-sharing company's stock, valued at approximately $201,000.

Other large investors also recently modified their holdings of the company. Transce3nd LLC bought a new stake in Uber Technologies during the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth $27,000. Kozak & Associates Inc. lifted its holdings in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the period. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies during the 1st quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UBER shares. Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. DA Davidson upped their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Loop Capital reissued a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th. Finally, Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Twelve investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $94.85.

Uber Technologies Stock Down 0.1%

Shares of UBER stock traded down $0.12 during trading on Wednesday, reaching $92.01. The company's stock had a trading volume of 13,599,454 shares, compared to its average volume of 21,061,031. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $94.38. The stock's 50-day moving average price is $85.92 and its 200 day moving average price is $75.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $192.41 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.19 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 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 the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.32) EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the business's 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 sale, the insider directly owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, May 5th. The shares were 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 owned 21,063 shares of the company's stock, valued at $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

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.