NFP Retirement Inc. Invests $234,000 in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• NFP Retirement Inc. invested approximately $234,000 in Uber Technologies, acquiring 3,214 shares during the first quarter.
• Analysts have recently raised price targets for Uber Technologies, with Roth Capital setting a new target at $110.00, reflecting a strong "buy" rating.
• Uber's CFO sold 2,750 shares of the company's stock for $261,250, which decreased their ownership stake by 11.12%.

NFP Retirement Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,214 shares of the ride-sharing company's stock, valued at approximately $234,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC acquired a new position in Uber Technologies in the first quarter worth approximately $27,000. Kozak & Associates Inc. increased its holdings in Uber Technologies by 155.9% in 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 during the last quarter. Vision Financial Markets LLC acquired a new position in Uber Technologies in the first quarter worth approximately $27,000. GPS Wealth Strategies Group LLC increased its holdings 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 buying an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co increased its holdings in Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after buying an additional 306 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Roth Capital increased their price objective on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Stifel Nicolaus lifted their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Piper Sandler lifted their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $102.82.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 0.8%

Shares of NYSE UBER opened at $90.97 on Thursday. The stock has a market cap of $189.71 billion, a PE ratio of 15.50, a PEG ratio of 1.05 and a beta of 1.43. The business has a fifty day moving average of $89.92 and a two-hundred day moving average of $81.54. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The business's revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.

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