Future Financial Wealth Managment LLC Buys Shares of 2,000 Uber Technologies, Inc. (NYSE:UBER)

Future Financial Wealth Managment LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,000 shares of the ride-sharing company’s stock, valued at approximately $154,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 34.8% during the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after acquiring an additional 43,275,830 shares in the last quarter. Norges Bank purchased a new position in Uber Technologies in the 4th quarter worth $1,415,778,000. Edgewood Management LLC bought a new stake in Uber Technologies in the fourth quarter worth $783,401,000. Capital Research Global Investors boosted its position in Uber Technologies by 28.4% during the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after buying an additional 8,164,816 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Uber Technologies by 41.0% during the fourth quarter. Northern Trust Corp now owns 17,419,446 shares of the ride-sharing company’s stock valued at $1,072,515,000 after buying an additional 5,063,412 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.7 %

Uber Technologies stock opened at $70.33 on Friday. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The business’s fifty day simple moving average is $67.83 and its two-hundred day simple moving average is $69.66. The company has a market capitalization of $146.96 billion, a price-to-earnings ratio of 113.44, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company posted ($0.08) earnings per share. As a group, equities analysts predict that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies 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 value 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 approximately $109,245,746.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’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 sale, 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 is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 635,984 shares of company stock valued at $42,258,297 over the last 90 days. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UBER. JMP Securities reissued a “market outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, May 16th. Oppenheimer reissued an “outperform” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a report on Tuesday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 8th. Finally, Jefferies Financial Group lowered their price objective on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.34.

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.