Traveka Wealth LLC Invests $251,000 in Uber Technologies, Inc. (NYSE:UBER)

Traveka Wealth LLC purchased a new stake 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 3,446 shares of the ride-sharing company's stock, valued at approximately $251,000.

Several other institutional investors have also added to or reduced their stakes in UBER. Cloud Capital Management LLC purchased a new stake in shares of Uber Technologies in the 1st quarter worth about $45,000. Whelan Financial purchased a new stake in Uber Technologies in the first quarter worth about $389,000. Concurrent Investment Advisors LLC increased its stake in shares of Uber Technologies by 45.6% during the first quarter. Concurrent Investment Advisors LLC now owns 96,491 shares of the ride-sharing company's stock valued at $7,030,000 after purchasing an additional 30,207 shares in the last quarter. Simmons Bank purchased a new position in shares of Uber Technologies during the first quarter valued at approximately $2,806,000. Finally, World Investment Advisors lifted its holdings in shares of Uber Technologies by 13.3% during the first quarter. World Investment Advisors now owns 23,596 shares of the ride-sharing company's stock valued at $1,719,000 after purchasing an additional 2,772 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 3.0%

Shares of Uber Technologies stock traded up $2.82 on Monday, reaching $96.45. The company had a trading volume of 13,582,578 shares, compared to its average volume of 21,119,431. The firm's 50-day moving average price is $86.90 and its two-hundred day moving average price is $76.53. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.09. The firm has a market cap of $201.69 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business earned ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer directly owned 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on UBER. The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price target for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Citigroup raised their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Loop Capital reiterated a "buy" rating and issued a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Thirteen research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $94.85.

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.