Byrne Financial Freedom LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Byrne Financial Freedom LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,100 shares of the ride-sharing company's stock, valued at approximately $299,000.

Other institutional investors also recently bought and sold shares of the company. Transce3nd LLC purchased a new position in Uber Technologies during the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $27,000. Kozak & Associates Inc. lifted its position 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 valued at $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new stake in Uber Technologies during the 1st quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies during the fourth quarter valued at approximately $28,000. Institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. 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 firm's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 3.2%

Shares of UBER stock traded up $3.04 during trading hours on Monday, reaching $96.67. 29,774,053 shares of the stock were exchanged, compared to its average volume of 21,181,864. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $97.09. The firm has a market capitalization of $202.15 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40. The company's 50-day moving average price is $86.90 and its 200-day moving average price is $76.53.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the company earned ($0.32) earnings per share. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

UBER has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. UBS Group increased their price target on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. TD Cowen lowered their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $95.44.

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.