Byrne Financial Freedom LLC Takes $299,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Byrne Financial Freedom LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,100 shares of the ride-sharing company's stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its stake in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG purchased a new position in Uber Technologies during the fourth quarter worth $395,000. Proficio Capital Partners LLC boosted its stake in Uber Technologies by 3.2% during the fourth quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock worth $4,259,000 after buying an additional 2,184 shares during the period. Finally, E Fund Management Co. Ltd. boosted its stake in Uber Technologies by 24.5% during the fourth quarter. E Fund Management Co. Ltd. now owns 5,106 shares of the ride-sharing company's stock worth $308,000 after buying an additional 1,006 shares during the period. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER traded down $1.14 during midday trading on Tuesday, hitting $95.54. The company's stock had a trading volume of 6,520,964 shares, compared to its average volume of 21,126,509. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.53. The firm's 50 day moving average is $87.27 and its 200-day moving average is $76.78. 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 firm has a market cap of $199.79 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.19 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly 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. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the company earned ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred 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 transaction, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company'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 value of $233,750.00. Following the completion of the sale, the chief financial officer owned 21,063 shares in the company, valued at approximately $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 corporate insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of Uber Technologies in a research note on Wednesday, June 11th. They set a "buy" rating and a $110.00 target price for the company. Citigroup boosted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Wells Fargo & Company boosted their target price on shares of Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Barclays boosted their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock 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.