Sphera Management Technology Funds Ltd Invests $2.81 Million in Uber Technologies, Inc. (NYSE:UBER)

Sphera Management Technology Funds Ltd acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,500 shares of the ride-sharing company's stock, valued at approximately $2,805,000. Uber Technologies accounts for approximately 1.6% of Sphera Management Technology Funds Ltd's investment portfolio, making the stock its 11th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avion Wealth grew its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the period. Transce3nd LLC bought a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies during the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. increased its stake in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. Finally, Legacy Investment Solutions LLC raised its holdings in Uber Technologies by 3,038.9% in the fourth quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company's stock worth $34,000 after purchasing an additional 547 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Activity

In other Uber Technologies news, 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 transaction, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock valued at $6,517,070 in the last quarter. Company insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

UBER has been the subject of several research analyst reports. Citigroup boosted their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday. Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a report on Wednesday, April 16th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, KeyCorp boosted their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.09.

Uber Technologies Stock Down 0.7%

Shares of NYSE:UBER traded down $0.62 during trading on Tuesday, hitting $91.84. 20,827,552 shares of the company were exchanged, compared to its average volume of 20,399,872. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The stock has a market cap of $192.05 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 0.89 and a beta of 1.43. 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 fifty day moving average price of $77.21 and a two-hundred day moving average price of $72.21.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the company earned ($0.32) earnings per share. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.