Hourglass Capital LLC Makes New $416,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Hourglass Capital LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,704 shares of the ride-sharing company's stock, valued at approximately $416,000.

Several other hedge funds and other institutional investors have also modified their holdings of UBER. Alpha Cubed Investments LLC bought a new position in Uber Technologies during the first quarter worth about $230,000. Crossmark Global Holdings Inc. lifted its position in Uber Technologies by 10.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 97,759 shares of the ride-sharing company's stock valued at $7,123,000 after acquiring an additional 9,544 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Uber Technologies by 21.7% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 71,462 shares of the ride-sharing company's stock worth $5,207,000 after buying an additional 12,727 shares in the last quarter. Financial Counselors Inc. bought a new stake in Uber Technologies during the 1st quarter worth about $246,000. Finally, Byrne Financial Freedom LLC bought a new stake in shares of Uber Technologies in the 1st quarter valued at about $299,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 0.9%

Shares of NYSE:UBER traded up $0.84 during midday trading on Tuesday, reaching $97.52. The company had a trading volume of 20,566,899 shares, compared to its average volume of 21,179,527. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The stock's fifty day moving average price is $87.27 and its 200-day moving average price is $76.78. The stock has a market capitalization of $203.93 billion, a P/E ratio of 17.08, a PEG ratio of 1.19 and a beta of 1.40. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the previous year, the business earned ($0.32) earnings per share. The company's revenue was up 13.8% on a year-over-year basis. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer directly owned 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The shares were 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 of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

UBER has been the topic of a number of analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research report on Monday, May 5th. KeyCorp lifted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 7th. Finally, Raymond James Financial cut shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $95.97.

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.