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

Unified Investment Management purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,085 shares of the ride-sharing company’s stock, valued at approximately $516,000.

A number of other hedge funds have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new stake in Uber Technologies during the first quarter valued at $34,000. Saxon Interests Inc. bought a new position in shares of Uber Technologies in the 1st quarter worth about $224,000. Koshinski Asset Management Inc. boosted its holdings in shares of Uber Technologies by 15.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 8,374 shares of the ride-sharing company’s stock valued at $610,000 after buying an additional 1,143 shares during the period. J.Safra Asset Management Corp raised its stake in Uber Technologies by 62.1% during the first quarter. J.Safra Asset Management Corp now owns 10,929 shares of the ride-sharing company’s stock worth $796,000 after acquiring an additional 4,185 shares during the period. Finally, Spinnaker Trust lifted its holdings in Uber Technologies by 3.8% in the first quarter. Spinnaker Trust now owns 85,774 shares of the ride-sharing company’s stock worth $6,249,000 after acquiring an additional 3,140 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s 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 sale, the chief financial officer directly owned 21,063 shares of the company’s stock, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Uber Technologies Price Performance

NYSE UBER opened at $93.28 on Tuesday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $94.38. The business’s fifty day moving average is $85.56 and its two-hundred day moving average is $75.63. The stock has a market capitalization of $195.06 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBERGet Free Report) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the firm posted ($0.32) EPS. The company’s quarterly revenue was up 13.8% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the subject of several analyst reports. The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. Stifel Nicolaus began coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They issued a “buy” rating and a $110.00 target price for the company. Raymond James Financial cut Uber Technologies from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, June 18th. Finally, Wells Fargo & Company boosted their price objective on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.85.

Get Our Latest Stock Report on UBER

Uber Technologies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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