Rock Point Advisors LLC Makes New $3.98 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

Rock Point Advisors LLC acquired a new position in shares of 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. The institutional investor acquired 54,595 shares of the ride-sharing company's stock, valued at approximately $3,978,000.

Other large investors have also recently bought and sold shares of the company. Transce3nd LLC acquired a new position in Uber Technologies during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. lifted its stake 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 valued at $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies in the 1st quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated 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 directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. 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 over the last ninety days. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on UBER. Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Monday, May 5th. JPMorgan Chase & Co. increased their target price on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Wells Fargo & Company increased their target price on Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday. KeyCorp increased their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Stifel Nicolaus began coverage on Uber Technologies in a report on Wednesday, June 11th. They set a "buy" rating and a $110.00 target price for the company. Thirteen research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $95.97.

Uber Technologies Trading Down 1.0%

NYSE:UBER opened at $96.52 on Thursday. 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 50-day moving average of $87.94 and a 200-day moving average of $77.06. The company has a market cap of $201.84 billion, a PE ratio of 16.90, a PEG ratio of 1.24 and a beta of 1.40. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the firm posted ($0.32) EPS. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS 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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