Intellus Advisors LLC Invests $309,000 in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Intellus Advisors LLC acquired a new position in Uber Technologies, Inc., purchasing 4,247 shares valued at approximately $309,000 in the first quarter.
• Wall Street analysts have shown optimism for Uber, with multiple firms raising their price targets, including Bank of America increasing it from $97.00 to $115.00 and maintaining a "buy" rating.
• Insider trading activity included CFO Prashanth Mahendra-Rajah selling 2,750 shares at an average price of $95.00, resulting in an 11.12% decrease in his ownership.

Intellus Advisors LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,247 shares of the ride-sharing company's stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBER. Transce3nd LLC bought a new stake in Uber Technologies in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth about $27,000. Kozak & Associates Inc. grew its holdings in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the first quarter worth about $27,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after buying an additional 299 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the 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 transaction, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade 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 have sold 40,384 shares of company stock valued at $3,496,071. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

NYSE UBER traded up $0.31 on Wednesday, hitting $87.42. 6,950,125 shares of the stock traded hands, compared to its average volume of 22,248,686. The business's fifty day moving average is $89.16 and its two-hundred day moving average is $79.94. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.71. The firm has a market capitalization of $182.81 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.04 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the company earned ($0.32) earnings per share. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley restated an "overweight" rating and issued a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Citigroup lifted their price target on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. DA Davidson lifted their price target on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Sanford C. Bernstein lifted their price target on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $100.71.

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.