SFE Investment Counsel Buys Shares of 10,536 Uber Technologies, Inc. (NYSE:UBER)

SFE Investment Counsel purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,536 shares of the ride-sharing company's stock, valued at approximately $768,000.

A number of other hedge funds have also made changes to their positions in UBER. Transce3nd LLC acquired a new position in Uber Technologies during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. Kozak & Associates Inc. increased its holdings in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the 1st quarter valued at about $27,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 299 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. 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 quarter. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UBER. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Sanford C. Bernstein raised their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday. Wells Fargo & Company raised their target price on shares of Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Bank of America raised their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $100.26.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.44 during trading hours on Friday, hitting $91.31. 13,845,668 shares of the stock were exchanged, compared to its average volume of 16,021,651. The company's fifty day simple moving average is $89.30 and its two-hundred day simple moving average is $79.34. The company has a market cap of $190.94 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.05 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. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping 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 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 company earned ($0.32) EPS. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.