Phoenix Financial Ltd. boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 44.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,635 shares of the ride-sharing company's stock after buying an additional 30,122 shares during the quarter. Phoenix Financial Ltd.'s holdings in Uber Technologies were worth $7,122,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC lifted its position in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new position in Uber Technologies in the fourth quarter worth approximately $395,000. Congress Wealth Management LLC DE raised its stake in shares of Uber Technologies by 65.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 28,999 shares of the ride-sharing company's stock worth $1,749,000 after acquiring an additional 11,466 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its position in Uber Technologies by 29.4% during the 4th quarter. Ausdal Financial Partners Inc. now owns 9,426 shares of the ride-sharing company's stock valued at $569,000 after buying an additional 2,143 shares in the last quarter. Institutional investors own 80.24% of the company's stock.
Insider Buying and Selling at Uber Technologies
In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction 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 owned 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,384 shares of company stock worth $3,496,071. Corporate insiders own 3.84% of the company's stock.
Uber Technologies Stock Performance
Uber Technologies stock traded up $0.44 during midday trading on Friday, reaching $91.31. 13,845,668 shares of the stock traded hands, compared to its average volume of 16,021,651. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $97.71. The firm has a market cap of $190.94 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 1.05 and a beta of 1.40. The firm has a fifty day moving average price of $89.29 and a two-hundred day moving average price of $79.51. 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 issued its quarterly earnings data 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 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the previous year, the company earned ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have commented on UBER shares. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Raymond James Financial cut Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research note on Monday. Finally, DA Davidson increased their target price on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $100.26.
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About Uber Technologies
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Free Report)
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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