Kessler Investment Group LLC Acquires New Holdings in Uber Technologies, Inc. (NYSE:UBER)

Kessler Investment Group LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 105,280 shares of the ride-sharing company's stock, valued at approximately $7,671,000. Uber Technologies comprises about 3.7% of Kessler Investment Group LLC's investment portfolio, making the stock its 6th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Sims Investment Management LLC increased its holdings in shares of Uber Technologies by 12.1% in the first quarter. Sims Investment Management LLC now owns 40,862 shares of the ride-sharing company's stock worth $2,977,000 after buying an additional 4,404 shares during the period. Lafayette Investments Inc. grew its position in Uber Technologies by 37.2% during the 1st quarter. Lafayette Investments Inc. now owns 8,338 shares of the ride-sharing company's stock worth $608,000 after acquiring an additional 2,262 shares during the last quarter. Money Concepts Capital Corp increased its stake in Uber Technologies by 6.3% in the 1st quarter. Money Concepts Capital Corp now owns 16,271 shares of the ride-sharing company's stock worth $1,186,000 after purchasing an additional 964 shares during the period. Achmea Investment Management B.V. lifted its position in Uber Technologies by 52.2% in the first quarter. Achmea Investment Management B.V. now owns 138,169 shares of the ride-sharing company's stock valued at $10,067,000 after purchasing an additional 47,417 shares during the last quarter. Finally, Philip James Wealth Mangement LLC bought a new stake in Uber Technologies in the first quarter valued at approximately $264,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 1.7%

Shares of Uber Technologies stock traded down $1.58 during midday trading on Friday, hitting $91.54. The company had a trading volume of 24,681,770 shares, compared to its average volume of 21,097,012. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $94.38. 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 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. The company has a 50 day moving average of $85.16 and a 200 day moving average of $75.20.

Uber Technologies (NYSE:UBER - Get Free Report) last released its 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 prior year, the firm posted ($0.32) earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on UBER shares. KeyCorp lifted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and raised their target price for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Finally, TD Cowen reduced their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.85.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

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.