Lifeworks Advisors LLC Invests $301,000 in Uber Technologies, Inc. (NYSE:UBER)

Lifeworks Advisors LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,128 shares of the ride-sharing company's stock, valued at approximately $301,000.

Several other hedge funds have also recently bought and sold shares of the business. Transce3nd LLC bought a new stake in Uber Technologies during 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 valued at about $27,000. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC bought a new position in Uber Technologies in the first quarter worth $27,000. Finally, GPS Wealth Strategies Group LLC lifted its position in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the firm'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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, July 7th. The shares were 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 $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock valued at $3,496,071 in the last 90 days. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Up 0.5%

UBER stock traded up $0.44 during mid-day trading on Friday, hitting $91.31. 13,845,668 shares of the company were exchanged, compared to its average volume of 16,021,651. 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 firm has a market cap of $190.94 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.05 and a beta of 1.40. The firm's 50 day simple moving average is $89.29 and its 200 day simple moving average is $79.51. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.71.

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. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.32) EPS. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wedbush downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Needham & Company LLC lifted their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Wells Fargo & Company boosted their target price on Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, Barclays boosted their target price on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Ten analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $100.26.

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.