Transcend Capital Advisors LLC Buys 4,236 Shares of Uber Technologies, Inc. (NYSE:UBER)

Transcend Capital Advisors LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 56.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,744 shares of the ride-sharing company's stock after purchasing an additional 4,236 shares during the period. Transcend Capital Advisors LLC's holdings in Uber Technologies were worth $856,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UBER. Transce3nd LLC bought a new stake in Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. raised its stake in Uber Technologies by 155.9% in 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 period. Noble Wealth Management PBC bought a new stake in Uber Technologies in the 1st quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies in the 4th quarter valued at $28,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $91.54 on Friday. The business's 50-day moving average price is $85.16 and its 200-day moving average price is $75.30. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $94.38. The firm has a market capitalization of $191.43 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.16 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates 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 last year, the firm posted ($0.32) earnings per share. The business's revenue for the quarter was up 13.8% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on UBER. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Wells Fargo & Company increased their price objective on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Barclays increased their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. The Goldman Sachs Group increased their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, TD Cowen lowered their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Twelve analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $94.85.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on 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 transaction, the insider now directly owns 102,135 shares of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.