Sandbox Financial Partners LLC Acquires Shares of 3,218 Uber Technologies, Inc. (NYSE:UBER)

Sandbox Financial Partners LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,218 shares of the ride-sharing company's stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Prospect Financial Services LLC boosted its holdings in shares of Uber Technologies by 22.1% during the 1st quarter. Prospect Financial Services LLC now owns 10,174 shares of the ride-sharing company's stock worth $741,000 after purchasing an additional 1,840 shares during the last quarter. Procyon Advisors LLC raised its position in shares of Uber Technologies by 32.9% during the 1st quarter. Procyon Advisors LLC now owns 9,539 shares of the ride-sharing company's stock valued at $695,000 after buying an additional 2,362 shares during the period. AGH Wealth Advisors LLC raised its position in shares of Uber Technologies by 20.1% during the 1st quarter. AGH Wealth Advisors LLC now owns 5,048 shares of the ride-sharing company's stock valued at $368,000 after buying an additional 844 shares during the period. Oxinas Partners Wealth Management LLC raised its position in shares of Uber Technologies by 3.5% during the 1st quarter. Oxinas Partners Wealth Management LLC now owns 9,472 shares of the ride-sharing company's stock valued at $690,000 after buying an additional 321 shares during the period. Finally, Magnus Financial Group LLC raised its position in Uber Technologies by 8.1% in the first quarter. Magnus Financial Group LLC now owns 5,931 shares of the ride-sharing company's stock valued at $432,000 after purchasing an additional 445 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

UBER stock opened at $84.62 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $80.13 and a 200-day moving average of $73.35. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The company has a market cap of $176.96 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 0.89 and a beta of 1.38.

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 for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the company posted ($0.32) EPS. The company's revenue was up 13.8% on a year-over-year basis. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. The trade was a 17.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 83,788 shares of company stock valued at $6,517,070. Company insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on UBER. Raymond James boosted their target price on Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 8th. TD Cowen dropped their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Piper Sandler reissued an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Loop Capital restated a "buy" rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and raised their price target for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.91.

About Uber Technologies

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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