State of Wyoming Acquires Shares of 8,230 Uber Technologies, Inc. (NYSE:UBER)

State of Wyoming bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,230 shares of the ride-sharing company's stock, valued at approximately $496,000.

A number of other large investors have also recently made changes to their positions in the stock. Avion Wealth increased its stake in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares during the period. Transce3nd LLC purchased a new position in Uber Technologies during the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies during the 4th quarter valued at about $28,000. GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 85.1% in the 4th 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 lifted its position in shares of Uber Technologies by 3,038.9% in the 4th 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 hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock opened at $92.41 on Tuesday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $92.90. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market cap of $193.24 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The business has a 50-day simple moving average of $76.76 and a 200-day simple moving average of $72.07.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.32) earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the topic of several research reports. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Piper Sandler reissued an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Benchmark restated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Wells Fargo & Company lifted their target price on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, April 16th. Eleven equities research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.69.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated Monday, May 12th. The stock was 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 now owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 completion of the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,788 shares of company stock valued at $6,517,070. Corporate insiders own 3.84% of the company's stock.

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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