Stonehearth Capital Management LLC Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

Stonehearth Capital Management LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,074 shares of the ride-sharing company's stock, valued at approximately $224,000.

Several other institutional investors have also modified their holdings of the business. Navalign LLC increased its holdings in Uber Technologies by 0.5% in the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after buying an additional 126 shares during the last quarter. Welch & Forbes LLC increased its holdings in Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after buying an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in Uber Technologies by 3.5% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after buying an additional 150 shares during the last quarter. United Advisor Group LLC increased its holdings in Uber Technologies by 3.6% in the fourth quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock valued at $263,000 after buying an additional 153 shares during the last quarter. Finally, Institute for Wealth Management LLC. increased its holdings in Uber Technologies by 2.4% in the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock valued at $398,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

UBER has been the subject of several research analyst reports. Evercore ISI lowered their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, Arete Research raised Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. 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 company. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $93.91.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. 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 over the last three months. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $0.30 during trading on Friday, hitting $84.00. The stock had a trading volume of 29,036,834 shares, compared to its average volume of 20,577,416. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market cap of $175.66 billion, a P/E ratio of 18.42, a PEG ratio of 0.89 and a beta of 1.43. The business has a fifty day moving average of $79.34 and a two-hundred day moving average of $73.01. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60.

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, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. The company's revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts expect 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.