Richards Merrill & Peterson Inc. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Richards Merrill & Peterson Inc. invested $260,000 in Uber Technologies by purchasing 3,562 shares, marking a significant new position for the firm in the first quarter.
• Insider transactions included Jill Hazelbaker selling 34,884 shares for over $3 million, reducing her stake by 25.46%, while CFO Prashanth Mahendra-Rajah sold 2,750 shares valued at $261,250.
• Uber's stock performance showed a 52-week range between $54.84 and $97.71, with a current market cap of $190.94 billion and an EPS of $0.83, beating analyst expectations.

Richards Merrill & Peterson Inc. bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,562 shares of the ride-sharing company's stock, valued at approximately $260,000.

Several other institutional investors have also made changes to their positions in the stock. Transce3nd LLC bought a new position in Uber Technologies in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Kozak & Associates Inc. raised its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC purchased a new position in Uber Technologies in the 1st quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC grew its stake in Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

NYSE UBER traded up $0.15 during trading on Wednesday, reaching $87.26. The company's stock had a trading volume of 8,040,200 shares, compared to its average volume of 22,256,668. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.71. 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 firm has a fifty day moving average of $89.16 and a 200 day moving average of $79.94. The stock has a market capitalization of $182.48 billion, a PE ratio of 15.30, a P/E/G ratio of 1.04 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.32) earnings per share. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. 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 quarter. 3.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Citigroup upped their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Bank of America lifted their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Roth Capital lifted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Barclays boosted their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $100.71.

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.