Traphagen Investment Advisors LLC Invests $258,000 in Uber Technologies, Inc. (NYSE:UBER)

Traphagen Investment Advisors LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,535 shares of the ride-sharing company's stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG lifted its stake in Uber Technologies by 90.8% in the first quarter. Bank Pictet & Cie Europe AG now owns 12,499 shares of the ride-sharing company's stock worth $911,000 after acquiring an additional 5,948 shares during the period. Fairvoy Private Wealth LLC lifted its stake in Uber Technologies by 27.8% in the first quarter. Fairvoy Private Wealth LLC now owns 63,216 shares of the ride-sharing company's stock worth $4,606,000 after acquiring an additional 13,764 shares during the period. Optas LLC lifted its stake in Uber Technologies by 18.7% in the first quarter. Optas LLC now owns 9,769 shares of the ride-sharing company's stock worth $712,000 after acquiring an additional 1,541 shares during the period. Asio Capital LLC lifted its stake in Uber Technologies by 2.9% in the first quarter. Asio Capital LLC now owns 109,890 shares of the ride-sharing company's stock worth $8,007,000 after acquiring an additional 3,126 shares during the period. Finally, D Orazio & Associates Inc. purchased a new stake in Uber Technologies in the first quarter worth $201,000. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction 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. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock worth $3,441,071 over the last 90 days. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on UBER. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Raymond James increased their price target on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 8th. Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday. Truist Financial lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, DA Davidson lifted their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $83.81 on Monday. The firm has a fifty day moving average price of $82.19 and a 200-day moving average price of $74.00. 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 stock has a market cap of $175.26 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60.

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 firm 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 business earned ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. Equities 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.

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