3,276 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Florida Financial Advisors LLC

Florida Financial Advisors LLC bought a new position 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 SEC. The fund bought 3,276 shares of the ride-sharing company's stock, valued at approximately $239,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Kozak & Associates Inc. lifted its stake in Uber Technologies by 155.9% in 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 purchased a new stake in Uber Technologies in the 1st quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent research reports. Barclays upped their target price on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Citigroup upped their target price on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their target price on Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Finally, Raymond James Financial lowered Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Thirteen research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $97.63.

Insider Activity

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. 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 Uber Technologies stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock valued at $3,496,071 over the last 90 days. Insiders own 3.70% of the company's stock.

Uber Technologies Stock Down 2.3%

Shares of Uber Technologies stock traded down $2.10 during trading hours on Wednesday, hitting $90.11. 8,802,144 shares of the company's stock traded hands, compared to its average volume of 22,696,719. The stock has a 50 day simple moving average of $88.76 and a 200-day simple moving average of $78.08. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $188.44 billion, a PE ratio of 15.78, a PEG ratio of 1.19 and a beta of 1.40. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The company 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 company's revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm earned ($0.32) earnings per share. Equities 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.