Florida Financial Advisors LLC Makes New $239,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Florida Financial Advisors LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,276 shares of the ride-sharing company’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBER. Transce3nd LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% in the first 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 purchased a new stake in shares of Uber Technologies in the first quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $93.88 on Tuesday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $97.72. The firm has a market capitalization of $196.32 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40. The business has a 50 day simple moving average of $88.64 and a 200 day simple moving average of $77.98. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

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

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent analyst reports. Roth Capital lifted their price objective on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Monday. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, May 15th. Bank of America boosted their price target on Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Wall Street Zen downgraded Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a “buy” rating in a research report on Friday, May 23rd. Thirteen equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.63.

Insider Buying and Selling

In other Uber Technologies 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 transaction of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares of the company’s stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider directly owned 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock valued at $3,496,071 over the last three months. Corporate insiders own 3.70% 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.