Veracity Capital LLC Buys New Position in Uber Technologies, Inc. (NYSE:UBER)

Veracity Capital LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,779 shares of the ride-sharing company's stock, valued at approximately $348,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Avion Wealth boosted its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Uber Technologies during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies in the 4th quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. raised its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UBER. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Bank of America boosted their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Citigroup upped their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Loop Capital reaffirmed a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Stock Up 1.1%

UBER traded up $0.93 during trading on Friday, hitting $85.60. The company had a trading volume of 28,140,231 shares, compared to its average volume of 20,740,621. The company has a market cap of $179.00 billion, a PE ratio of 18.77, a P/E/G ratio of 0.89 and a beta of 1.38. The business has a 50-day moving average of $80.38 and a 200-day moving average of $73.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results 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. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.32) earnings per share. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of the company's 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 now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,788 shares of company stock valued at $6,517,070. Company 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.