Unified Investment Management Takes $516,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Unified Investment Management acquired 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 and Exchange Commission (SEC). The firm acquired 7,085 shares of the ride-sharing company's stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $27,000. Kozak & Associates Inc. boosted its stake in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares during the period. Perkins Coie Trust Co increased its holdings in Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Down 0.1%

Shares of UBER traded down $0.12 on Wednesday, hitting $92.01. The company's stock had a trading volume of 13,599,454 shares, compared to its average volume of 21,088,010. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $192.41 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.17 and a beta of 1.40. The firm's fifty day moving average price is $85.92 and its 200-day moving average price is $75.75. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $94.38.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.32) earnings per share. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Citigroup increased their target price on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Canaccord Genuity Group reiterated a "hold" rating and set a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Twelve investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.85.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer owned 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The transaction 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 Uber Technologies 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 completion of the transaction, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

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.