RDA Financial Network Has $285,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

RDA Financial Network decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,707 shares of the ride-sharing company’s stock after selling 200 shares during the period. RDA Financial Network’s holdings in Uber Technologies were worth $285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Highlander Capital Management LLC boosted its position in shares of 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 period. Treasurer of the State of North Carolina increased its stake in shares of Uber Technologies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock worth $40,360,000 after buying an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA boosted its holdings in Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after acquiring an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC bought a new stake in Uber Technologies in the fourth quarter valued at $1,112,000. Finally, Fifth Third Bancorp boosted its holdings in Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the stock in a transaction 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 owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction 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 sale, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 635,984 shares of company stock worth $42,258,297. Company insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UBER. Piper Sandler upped their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Tuesday, May 28th. Tigress Financial upped their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Bank of America reduced their target price on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.47.

Uber Technologies Stock Performance

NYSE:UBER opened at $70.16 on Monday. The stock’s fifty day moving average is $67.99 and its 200 day moving average is $69.51. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The firm has a market capitalization of $146.60 billion, a PE ratio of 113.24, a PEG ratio of 1.54 and a beta of 1.37. 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 (NYSE:UBER) last released its quarterly 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). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same quarter in the previous year, the company posted ($0.08) EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 0.84 earnings per share 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.