Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Golden State Equity Partners

Golden State Equity Partners increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 28.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,620 shares of the ride-sharing company’s stock after acquiring an additional 1,893 shares during the period. Golden State Equity Partners’ holdings in Uber Technologies were worth $628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Strategic Investment Advisors MI grew its holdings in Uber Technologies by 21.4% during the first quarter. Strategic Investment Advisors MI now owns 8,996 shares of the ride-sharing company’s stock worth $655,000 after acquiring an additional 1,587 shares during the period. Fourth Dimension Wealth LLC grew its holdings in Uber Technologies by 393.9% during the first quarter. Fourth Dimension Wealth LLC now owns 2,178 shares of the ride-sharing company’s stock worth $159,000 after acquiring an additional 1,737 shares during the period. International Assets Investment Management LLC grew its holdings in Uber Technologies by 12.7% during the first quarter. International Assets Investment Management LLC now owns 11,123 shares of the ride-sharing company’s stock worth $810,000 after acquiring an additional 1,252 shares during the period. Cornerstone Wealth Group LLC boosted its position in Uber Technologies by 8.6% during the first quarter. Cornerstone Wealth Group LLC now owns 61,235 shares of the ride-sharing company’s stock worth $4,462,000 after purchasing an additional 4,844 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in Uber Technologies by 25.2% during the first quarter. Harbour Capital Advisors LLC now owns 40,675 shares of the ride-sharing company’s stock worth $2,841,000 after purchasing an additional 8,195 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $90.88 on Thursday. The firm has a market capitalization of $190.05 billion, a PE ratio of 15.92, a P/E/G ratio of 1.17 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $84.48 and a two-hundred day moving average of $74.83. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during 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 firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.32) earnings per share. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer now owns 21,063 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 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 currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on UBER. TD Cowen decreased their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Tigress Financial set a $110.00 target price on Uber Technologies and gave the stock a “buy” rating in a research report on Friday, May 23rd. Raymond James Financial downgraded Uber Technologies from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, June 18th. Citigroup boosted their target price on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Bank of America boosted their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Eleven investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.18.

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.