Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,378 shares of the ride-sharing company’s stock after purchasing an additional 2,274 shares during the quarter. Bleakley Financial Group LLC’s holdings in Uber Technologies were worth $2,416,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Financial Management Professionals Inc. grew 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 purchasing an additional 202 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $30,000. Highlander Capital Management LLC boosted its position in shares of Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares in the last quarter. Bfsg LLC purchased a new position in Uber Technologies during the 4th quarter valued at about $31,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Uber Technologies by 49.7% during the 4th 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. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $68.62 on Thursday. The business’s 50-day simple moving average is $68.57 and its 200 day simple moving average is $70.63. The company has a market cap of $143.38 billion, a P/E ratio of 110.68, a PEG ratio of 1.62 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last posted 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). The firm had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) EPS. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies 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 sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders sold 1,135,984 shares of company stock worth $78,213,297 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Moffett Nathanson reissued a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. UBS Group reduced their price objective on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Roth Mkm reiterated a “buy” rating and set a $89.00 price objective (down previously from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. Wedbush restated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a report on Wednesday, May 8th. Finally, Oppenheimer reiterated an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $85.44.

Uber Technologies 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.