Hexagon Capital Partners LLC Purchases 437 Shares of Uber Technologies, Inc. (NYSE:UBER)

Hexagon Capital Partners LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,705 shares of the ride-sharing company’s stock after purchasing an additional 437 shares during the period. Hexagon Capital Partners LLC’s holdings in Uber Technologies were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. lifted its position in shares of Uber Technologies by 2.9% in the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock worth $347,000 after purchasing an additional 157 shares during the period. Drive Wealth Management LLC raised its stake in shares of Uber Technologies by 3.6% during the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock worth $289,000 after acquiring an additional 163 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Uber Technologies by 49.7% during 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 acquiring an additional 174 shares during the last quarter. Cigna Investments Inc. New boosted its stake in Uber Technologies by 0.9% in the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after acquiring an additional 178 shares in the last quarter. Finally, Procyon Advisors LLC grew its holdings in Uber Technologies by 3.6% in the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after purchasing an additional 182 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. UBS Group decreased their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Bank of America dropped their price target on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Truist Financial increased their price objective 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. Finally, Loop Capital dropped their target price on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Two 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Trading Down 2.2 %

Shares of Uber Technologies stock opened at $71.10 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The firm has a market capitalization of $148.56 billion, a PE ratio of 114.68, a P/E/G ratio of 1.59 and a beta of 1.36. The firm’s 50-day moving average price is $67.94 and its 200 day moving average price is $69.89.

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 firm had revenue of $10.13 billion during 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 was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) EPS. On average, sell-side analysts predict that Uber Technologies, Inc. will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 635,984 shares of company stock worth $42,258,297. 3.80% of the stock is owned by insiders.

Uber Technologies Company 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.