Pacific Point Advisors LLC Acquires Shares of 7,000 Uber Technologies, Inc. (NYSE:UBER)

Pacific Point Advisors LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, Holdings Channel.com reports. The fund acquired 7,000 shares of the ride-sharing company’s stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Neo Ivy Capital Management raised its holdings in Uber Technologies by 5,831.7% in the 4th quarter. Neo Ivy Capital Management now owns 55,758 shares of the ride-sharing company’s stock valued at $3,363,000 after acquiring an additional 54,818 shares in the last quarter. Hudson Value Partners LLC raised its holdings in Uber Technologies by 1.1% in the 4th quarter. Hudson Value Partners LLC now owns 21,175 shares of the ride-sharing company’s stock valued at $1,277,000 after acquiring an additional 225 shares in the last quarter. GTS Securities LLC raised its holdings in Uber Technologies by 107.2% in the 4th quarter. GTS Securities LLC now owns 7,748 shares of the ride-sharing company’s stock valued at $467,000 after acquiring an additional 115,218 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies in the 4th quarter valued at $27,000. Finally, Breed s Hill Capital LLC raised its holdings in Uber Technologies by 14.2% in the 4th quarter. Breed s Hill Capital LLC now owns 7,271 shares of the ride-sharing company’s stock valued at $439,000 after acquiring an additional 902 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,788 shares of company stock valued at $6,517,070 over the last ninety days. 3.84% of the stock is owned by company insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $87.92 on Friday. The stock’s 50 day moving average is $77.85 and its 200 day moving average is $72.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market cap of $183.86 billion, a P/E ratio of 19.28, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) earnings per share. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 7th. Evercore ISI reduced their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Arete Research raised Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $93.69.

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.