Roberts Wealth Advisors LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Roberts Wealth Advisors LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,883 shares of the ride-sharing company’s stock, valued at approximately $505,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of UBER. Dark Forest Capital Management LP lifted its stake in shares of Uber Technologies by 62.2% in the 3rd quarter. Dark Forest Capital Management LP now owns 7,846 shares of the ride-sharing company’s stock valued at $361,000 after acquiring an additional 3,009 shares during the last quarter. Natixis Advisors L.P. increased its holdings in Uber Technologies by 31.8% during the 3rd quarter. Natixis Advisors L.P. now owns 21,206 shares of the ride-sharing company’s stock valued at $975,000 after purchasing an additional 5,120 shares during the period. Morningstar Investment Services LLC purchased a new position in Uber Technologies during the 3rd quarter valued at about $211,000. Ancora Advisors LLC increased its holdings in Uber Technologies by 5.9% during the 3rd quarter. Ancora Advisors LLC now owns 4,904 shares of the ride-sharing company’s stock valued at $226,000 after purchasing an additional 275 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Uber Technologies by 3.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,171,541 shares of the ride-sharing company’s stock valued at $53,879,000 after purchasing an additional 36,572 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s 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 directly owns 1,656,996 shares in the company, 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. In other news, insider Tony West sold 18,750 shares of the company’s 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 completion of 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 at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the 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 disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock worth $42,258,297 in the last three months. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

NYSE UBER opened at $72.68 on Monday. The business’s fifty day moving average price is $67.90 and its 200-day moving average price is $69.83. The stock has a market capitalization of $151.87 billion, a price-to-earnings ratio of 117.23, a PEG ratio of 1.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14.

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). The firm had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. Uber Technologies’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) earnings per share. On average, equities analysts predict that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Loop Capital reduced their price target on Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Tigress Financial boosted their price target on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a report on Friday, April 19th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a report on Tuesday, May 28th. Finally, UBS Group reduced their target price on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $84.41.

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.