Firethorn Wealth Partners LLC Purchases 6,801 Shares of Uber Technologies, Inc. (NYSE:UBER)

Firethorn Wealth Partners LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 188.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,419 shares of the ride-sharing company's stock after buying an additional 6,801 shares during the period. Firethorn Wealth Partners LLC's holdings in Uber Technologies were worth $759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Avion Wealth raised its position in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the period. Transce3nd LLC bought a new stake in Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies in the 4th quarter valued at approximately $28,000. Finally, GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

UBER stock traded up $1.17 during trading on Thursday, reaching $84.62. 33,295,404 shares of the company were exchanged, compared to its average volume of 20,699,418. The company has a 50-day moving average of $79.90 and a two-hundred day moving average of $73.24. The company has a market capitalization of $176.96 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60.

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

Wall Street Analyst Weigh In

UBER has been the topic of several analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a report on Wednesday, April 16th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. TD Cowen decreased their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. KeyCorp boosted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price target for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $93.91.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company's stock, 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. Over the last three months, insiders have sold 83,788 shares of company stock worth $6,517,070. Insiders own 3.84% of the company's stock.

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.