HBW Advisory Services LLC Makes New $334,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

HBW Advisory Services LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,583 shares of the ride-sharing company's stock, valued at approximately $334,000.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UBER shares. Loop Capital reaffirmed a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Wells Fargo & Company lifted their price objective on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Citigroup lifted their target price on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. KeyCorp lifted their target price on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Twelve analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Stock Performance

UBER stock traded up $0.93 during trading on Friday, hitting $85.60. The company had a trading volume of 28,140,231 shares, compared to its average volume of 20,740,621. The firm has a market cap of $179.00 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The firm has a 50-day moving average price of $80.38 and a 200-day moving average price of $73.51. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

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 (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock worth $6,517,070 in the last quarter. Company insiders own 3.84% of the company's stock.

Uber Technologies Company 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.