Samalin Investment Counsel LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,041 shares of the ride-sharing company's stock, valued at approximately $222,000.
Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $395,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $908,000. Finally, Lido Advisors LLC increased its stake in shares of Uber Technologies by 10.2% during the 4th quarter. Lido Advisors LLC now owns 51,544 shares of the ride-sharing company's stock worth $3,109,000 after purchasing an additional 4,763 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.
Insider Activity
In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,571 shares of company stock valued at $4,335,899 in the last ninety days. Company insiders own 3.84% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on UBER. The Goldman Sachs Group upped their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Roth Capital upped their price objective on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Needham & Company LLC increased their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. KeyCorp boosted their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $102.82.
Get Our Latest Analysis on UBER
Uber Technologies Trading Down 1.1%
Shares of UBER stock opened at $95.44 on Thursday. The firm's 50-day simple moving average is $91.76 and its 200-day simple moving average is $83.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The firm has a market cap of $199.02 billion, a P/E ratio of 16.26, a PEG ratio of 1.11 and a beta of 1.43.
Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies's revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.
About Uber Technologies
(
Free Report)
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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