Saxony Capital Management LLC Buys Shares of 4,287 Uber Technologies, Inc. (NYSE:UBER)

Saxony Capital Management LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,287 shares of the ride-sharing company's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Capital Research Global Investors grew its position in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares during the last quarter. Norges Bank bought a new position in Uber Technologies in the fourth quarter valued at about $1,467,754,000. Boston Partners bought a new position in Uber Technologies in the fourth quarter valued at about $381,057,000. Toyota Motor Corp bought a new position in Uber Technologies in the fourth quarter valued at about $309,192,000. Finally, Jericho Capital Asset Management L.P. bought a new position in Uber Technologies in the fourth quarter valued at about $298,644,000. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price target for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Loop Capital reissued a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. JPMorgan Chase & Co. lifted their price target on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Finally, KGI Securities reissued a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.39.

Insider Activity

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Price Performance

Shares of UBER opened at $91.59 on Wednesday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. 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 business's 50 day moving average price is $84.12 and its two-hundred day moving average price is $74.72. The firm has a market cap of $191.53 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38.

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