Strategic Investment Advisors MI Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Strategic Investment Advisors MI lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,996 shares of the ride-sharing company’s stock after acquiring an additional 1,587 shares during the quarter. Strategic Investment Advisors MI’s holdings in Uber Technologies were worth $655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in Uber Technologies during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $27,000. Kozak & Associates Inc. raised its stake in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC bought a new stake in Uber Technologies during the 1st quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the 4th quarter worth approximately $28,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 0.8%

Shares of UBER opened at $90.88 on Thursday. The firm has a fifty day moving average price of $84.48 and a 200-day moving average price of $74.83. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $190.05 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.17 and a beta of 1.38. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.32) EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald increased their price objective on shares of Uber Technologies from $96.00 to $106.00 and gave the company an “overweight” rating in a report on Wednesday. Truist Financial raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Wells Fargo & Company boosted their price target on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Fox Advisors lowered Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Finally, Bank of America lifted their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.18.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business’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 sale, the insider now owns 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

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.