Pacific Point Advisors LLC Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

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

Other hedge funds have also added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new position in Uber Technologies in the fourth quarter valued at about $27,000. Avion Wealth lifted its stake in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares during the period. Transce3nd LLC acquired a new position in Uber Technologies in the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies in the fourth quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. lifted its stake in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares during the period. Institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several analyst reports. Barclays increased their target price on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. UBS Group increased their target price on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. DA Davidson increased their target price on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $93.69.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction on 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 completion of the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at $25,901,755.56. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Down 0.8%

UBER stock opened at $87.92 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $77.85 and a two-hundred day moving average price of $72.43. The company has a market cap of $183.86 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS 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 company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the company posted ($0.32) EPS. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS 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.

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