Founders Financial Securities LLC Increases Position in Uber Technologies, Inc. (NYSE:UBER)

Founders Financial Securities LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 14,226 shares of the ride-sharing company’s stock after acquiring an additional 374 shares during the quarter. Founders Financial Securities LLC’s holdings in Uber Technologies were worth $1,095,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the last quarter. CVA Family Office LLC purchased a new position in Uber Technologies in the fourth quarter valued at approximately $30,000. Highlander Capital Management LLC lifted its stake in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Bfsg LLC purchased a new position in Uber Technologies in the fourth quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in Uber Technologies by 49.7% in 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 purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on UBER. Bank of America dropped their price objective on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. DA Davidson reiterated a “buy” rating and issued a $81.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. UBS Group dropped their price objective on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Tigress Financial upped their price objective on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, Citigroup increased their target price on Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Trading Up 3.3 %

Shares of Uber Technologies stock traded up $2.34 during trading on Friday, reaching $72.68. 21,375,880 shares of the stock were exchanged, compared to its average volume of 14,821,461. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average is $67.90 and its 200 day moving average is $69.78. The firm has a market cap of $151.87 billion, a price-to-earnings ratio of 117.23, a price-to-earnings-growth ratio of 1.54 and a beta of 1.37. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14.

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

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares in the company, valued at $6,851,103.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Uber Technologies news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares in the company, valued at $6,851,103.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 635,984 shares of company stock worth $42,258,297. Company insiders own 3.84% of the company’s stock.

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.