Oak Thistle LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Oak Thistle LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 6,205 shares of the ride-sharing company’s stock, valued at approximately $478,000.

Other large investors also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares during the last quarter. CVA Family Office LLC acquired a new position in Uber Technologies in the fourth quarter valued at approximately $30,000. Highlander Capital Management LLC lifted its holdings 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 acquiring an additional 250 shares during the last quarter. Bfsg LLC acquired a new position in Uber Technologies in the fourth quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC raised its position 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 period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UBER. DA Davidson reaffirmed a “buy” rating and set a $81.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Roth Mkm reissued a “buy” rating and issued a $89.00 target price (down previously from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. Loop Capital dropped their target price on Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Oppenheimer reissued an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, June 5th. Finally, Piper Sandler increased their target price on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.41.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. Insiders sold a total of 635,984 shares of company stock valued at $42,258,297 in the last quarter. Insiders own 3.80% of the company’s stock.

Uber Technologies Stock Down 2.2 %

Shares of UBER traded down $1.58 during midday trading on Monday, hitting $71.10. The company had a trading volume of 13,419,952 shares, compared to its average volume of 19,416,668. The company’s 50 day moving average price is $67.94 and its 200 day moving average price is $69.89. The stock has a market cap of $148.56 billion, a price-to-earnings ratio of 114.68, a PEG ratio of 1.59 and a beta of 1.36. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

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

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.