Catalyst Capital Advisors LLC Buys New Holdings in Uber Technologies, Inc. (NYSE:UBER)

Catalyst Capital Advisors LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,390 shares of the ride-sharing company's stock, valued at approximately $320,000.

Several other institutional investors also recently bought and sold shares of the stock. Transce3nd LLC bought a new position in Uber Technologies during the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies during the 4th quarter valued at approximately $27,000. Kozak & Associates Inc. raised its position in 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 purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new position in Uber Technologies during the 1st quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the 4th quarter valued at approximately $28,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup upped their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. TD Cowen decreased their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, May 7th. 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.85.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider owned 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 disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER opened at $93.46 on Friday. The business's fifty day simple moving average is $86.90 and its two-hundred day simple moving average is $76.31. 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 $94.38. The company has a market cap of $195.43 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.19 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the business posted ($0.32) EPS. The company's revenue was up 13.8% compared to the same quarter last year. Research analysts anticipate 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.

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