Pacific Point Advisors LLC Takes $422,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Pacific Point Advisors LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,000 shares of the ride-sharing company's stock, valued at approximately $422,000.

Several other large investors have also bought and sold shares of the stock. Avion Wealth raised its position in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 218 shares in the last quarter. Transce3nd LLC bought a new position in shares of Uber Technologies in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies in the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies in the 4th quarter worth about $28,000. Finally, GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 223 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock valued at $6,517,070 in the last 90 days. Corporate insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. TD Cowen lowered their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Evercore ISI decreased their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. KeyCorp increased their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Loop Capital reissued a "buy" rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company boosted their price objective on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.91.

Uber Technologies Trading Up 1.8%

UBER stock traded up $1.58 during trading on Tuesday, hitting $89.33. 8,632,807 shares of the company traded hands, compared to its average volume of 20,395,098. The firm has a market capitalization of $186.79 billion, a PE ratio of 19.57, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The company has a 50-day moving average of $78.47 and a 200-day moving average of $72.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter last year, the business posted ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.