Weaver Consulting Group Invests $221,000 in Uber Technologies, Inc. (NYSE:UBER)

Weaver Consulting Group acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,034 shares of the ride-sharing company’s stock, valued at approximately $221,000.

A number of other hedge funds have also recently bought and sold shares of UBER. Transce3nd LLC acquired a new position in Uber Technologies in the 4th 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 acquired a new position in Uber Technologies in the first quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBER. Fox Advisors lowered Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Wells Fargo & Company increased their price objective on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, May 15th. Wall Street Zen raised shares of Uber Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, June 15th. Finally, UBS Group lifted their price target on shares of Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $94.85.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred 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 owned 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

Shares of UBER stock opened at $92.01 on Thursday. 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 company’s fifty day moving average price is $86.28 and its two-hundred day moving average price is $75.86. The firm has a market capitalization of $192.41 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.17 and a beta of 1.40. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $94.38.

Uber Technologies (NYSE:UBER) last announced 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 analyst estimates of $11.61 billion. During the same period in the previous year, the company earned ($0.32) earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.