Fifth Third Wealth Advisors LLC Invests $246,000 in Uber Technologies, Inc. (NYSE:UBER)

Fifth Third Wealth Advisors LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,200 shares of the ride-sharing company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC purchased a new position in Uber Technologies during the fourth quarter valued at $30,000. Highlander Capital Management LLC grew its stake in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares in the last quarter. Bfsg LLC purchased a new position in Uber Technologies during the fourth quarter valued at $31,000. Blue Bell Private Wealth Management LLC grew its stake in Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Finally, GW&K Investment Management LLC purchased a new position in Uber Technologies during the fourth quarter valued at $33,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 3.3 %

Shares of NYSE:UBER traded up $2.34 during trading hours on Friday, hitting $72.68. The company’s stock had a trading volume of 20,751,389 shares, compared to its average volume of 19,459,910. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $151.87 billion, a price-to-earnings ratio of 117.10, a P/E/G ratio of 1.55 and a beta of 1.37. The firm’s fifty day moving average price is $67.83 and its 200 day moving average price is $69.66.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the previous year, the firm earned ($0.08) EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, research analysts expect that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Uber Technologies news, insider Tony West sold 89,234 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the sale, the insider now owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold a total of 635,984 shares of company stock valued at $42,258,297 in the last 90 days. Insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on UBER. Citigroup lifted their price objective on shares of Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Bank of America dropped their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Moffett Nathanson reissued a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. Piper Sandler lifted their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.41.

About Uber Technologies

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.