Sage Rhino Capital LLC Invests $259,000 in Uber Technologies, Inc. (NYSE:UBER)

Sage Rhino Capital LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,553 shares of the ride-sharing company's stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC boosted its stake in Uber Technologies by 42.2% during the 1st quarter. Cerity Partners LLC now owns 814,107 shares of the ride-sharing company's stock worth $59,316,000 after purchasing an additional 241,740 shares during the last quarter. Correct Capital Wealth Management acquired a new stake in Uber Technologies during the 1st quarter worth $676,000. Allworth Financial LP boosted its stake in Uber Technologies by 6.5% during the 1st quarter. Allworth Financial LP now owns 21,713 shares of the ride-sharing company's stock worth $1,696,000 after purchasing an additional 1,332 shares during the last quarter. Rock Point Advisors LLC acquired a new stake in Uber Technologies during the 1st quarter worth $3,978,000. Finally, MainStreet Investment Advisors LLC boosted its stake in Uber Technologies by 5.1% during the 1st quarter. MainStreet Investment Advisors LLC now owns 20,574 shares of the ride-sharing company's stock worth $1,499,000 after purchasing an additional 992 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the topic of several research analyst reports. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Loop Capital restated a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. KeyCorp boosted their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Barclays boosted their price objective 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. Finally, Bank of America boosted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.12.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $1.04 during trading on Friday, reaching $95.36. The stock had a trading volume of 12,442,436 shares, compared to its average volume of 21,206,819. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.72. The stock has a market cap of $199.41 billion, a PE ratio of 16.70, a P/E/G ratio of 1.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The firm's 50 day moving average price is $88.25 and its two-hundred day moving average price is $77.30.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company'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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,496,071 in the last three months. Company insiders own 3.84% of the company's stock.

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.