IFC Advisors LLC Makes New $249,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

IFC Advisors LLC purchased 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 disclosure with the SEC. The fund purchased 3,415 shares of the ride-sharing company's stock, valued at approximately $249,000.

Other institutional investors have also made changes to their positions in the company. Clark Capital Management Group Inc. increased its holdings in shares of Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after acquiring an additional 399,008 shares during the last quarter. UMB Bank n.a. boosted its stake in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Mufg Securities Americas Inc. bought a new stake in shares of Uber Technologies during the 4th quarter valued at $1,875,000. Finally, APG Asset Management N.V. bought a new stake in shares of Uber Technologies during the 4th quarter valued at $84,687,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Down 1.1%

UBER stock opened at $95.36 on Friday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.72. The business's 50 day moving average price is $88.47 and its two-hundred day moving average price is $77.53. 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 company has a market capitalization of $199.41 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.22 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm 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 firm posted ($0.32) EPS. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on UBER. Stifel Nicolaus began coverage on Uber Technologies in a research report on Wednesday, June 11th. They set a "buy" rating and a $110.00 price objective for the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Citigroup increased their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $96.12.

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.

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