Golden State Wealth Management LLC Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Golden State Wealth Management LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 243.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,834 shares of the ride-sharing company's stock after acquiring an additional 3,425 shares during the quarter. Golden State Wealth Management LLC's holdings in Uber Technologies were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UBER. Transce3nd LLC bought a new position in Uber Technologies in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies in the 4th quarter valued at approximately $27,000. Kozak & Associates Inc. raised its holdings 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 during the last quarter. Noble Wealth Management PBC bought a new position in Uber Technologies in the 1st quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Uber Technologies in the 4th quarter valued at approximately $28,000. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other 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 transaction of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on UBER. 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 report on Tuesday, April 8th. Citigroup increased their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Bank of America raised their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $94.85.

Uber Technologies Trading Down 1.7%

NYSE UBER traded down $1.58 on Friday, hitting $91.54. 24,681,770 shares of the stock were exchanged, compared to its average volume of 21,097,012. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average price of $85.16 and a two-hundred day moving average price of $75.20. The firm has a market capitalization of $191.43 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.18 and a beta of 1.38. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $94.38.

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, beating analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business's revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) earnings per share. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS 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.