True Vision MN LLC Invests $391,000 in Uber Technologies, Inc. (NYSE:UBER)

True Vision MN LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,366 shares of the ride-sharing company's stock, valued at approximately $391,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Kozak & Associates Inc. grew its holdings in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares during the period. Perkins Coie Trust Co increased its stake in Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 306 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the fourth quarter valued at about $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Down 1.1%

NYSE:UBER traded down $1.04 during trading hours on Friday, reaching $95.36. The company's stock had a trading volume of 12,442,436 shares, compared to its average volume of 21,206,819. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $199.41 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.22 and a beta of 1.40. The firm has a 50-day simple moving average of $88.47 and a 200-day simple moving average of $77.53. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.72.

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

Analyst Ratings Changes

Several brokerages have recently commented on UBER. Canaccord Genuity Group restated a "hold" rating and issued a $84.00 target price (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Raymond James Financial cut Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. TD Cowen lowered their target price 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. Stifel Nicolaus assumed coverage on Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 target price on the stock. Finally, Loop Capital reissued a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.12.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on 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 sale, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,496,071 over the last ninety days. Insiders own 3.84% of the company's stock.

Uber Technologies Company 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.