Broadway Wealth Solutions Inc. Takes $332,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Broadway Wealth Solutions Inc. acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,554 shares of the ride-sharing company's stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. KMG Fiduciary Partners LLC boosted its stake in shares of Uber Technologies by 59.5% during the first quarter. KMG Fiduciary Partners LLC now owns 33,318 shares of the ride-sharing company's stock valued at $2,428,000 after purchasing an additional 12,433 shares in the last quarter. Barden Capital Management Inc. boosted its stake in Uber Technologies by 1.4% in the first quarter. Barden Capital Management Inc. now owns 15,326 shares of the ride-sharing company's stock valued at $1,117,000 after acquiring an additional 217 shares in the last quarter. Yarbrough Capital LLC boosted its stake in Uber Technologies by 69.3% in the first quarter. Yarbrough Capital LLC now owns 35,543 shares of the ride-sharing company's stock valued at $2,590,000 after acquiring an additional 14,549 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in Uber Technologies by 24.6% in the first quarter. Miracle Mile Advisors LLC now owns 44,693 shares of the ride-sharing company's stock valued at $3,256,000 after acquiring an additional 8,826 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after acquiring an additional 3,073 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred 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 transaction, the insider now owns 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock valued at $6,517,070 over the last quarter. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Up 1.1%

Shares of Uber Technologies stock opened at $85.60 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market cap of $179.00 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The firm has a fifty day moving average price of $80.38 and a 200 day moving average price of $73.49.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) EPS. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on UBER shares. Piper Sandler restated an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and raised their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Finally, Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Twelve investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Company 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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