Provident Co of the Employees of the Hebrew University LTD Buys Shares of 18,200 Uber Technologies, Inc. (NYSE:UBER)

Provident Co of the Employees of the Hebrew University LTD purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,200 shares of the ride-sharing company's stock, valued at approximately $1,325,000. Uber Technologies comprises 1.5% of Provident Co of the Employees of the Hebrew University LTD's holdings, making the stock its 27th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Transce3nd LLC purchased a new stake in Uber Technologies in the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth $27,000. Kozak & Associates Inc. grew its position in Uber Technologies by 155.9% during 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 purchased a new position in Uber Technologies during the first quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

UBER has been the subject of several research analyst reports. KGI Securities reiterated a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. UBS Group boosted their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. TD Cowen cut 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. Wells Fargo & Company boosted their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 7th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $94.85.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 1.2%

UBER traded down $1.08 during trading hours on Tuesday, reaching $92.22. The company's stock had a trading volume of 17,112,957 shares, compared to its average volume of 21,060,372. The business's 50-day moving average is $85.56 and its 200-day moving average is $75.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $192.85 billion, a PE ratio of 16.15, a P/E/G ratio of 1.16 and a beta of 1.38. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $94.38.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly 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. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted ($0.32) earnings per share. As a group, equities research analysts predict 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.