Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 55.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,166 shares of the ride-sharing company's stock after purchasing an additional 20,040 shares during the period. Sowell Financial Services LLC's holdings in Uber Technologies were worth $4,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Transce3nd LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. Kozak & Associates Inc. raised its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the 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 now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 40,384 shares of company stock worth $3,441,071. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 2.1%

NYSE:UBER opened at $83.81 on Monday. The stock's fifty day moving average price is $82.19 and its two-hundred day moving average price is $74.00. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a market cap of $175.26 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data 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. 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 62.60% and a net margin of 22.41%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.32) EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on UBER. KGI Securities reaffirmed a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, April 16th. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Arete Research upgraded Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $94.39.

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.