Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 32.9% during the first quarter, Holdings Channel.com reports. The fund owned 9,539 shares of the ride-sharing company’s stock after acquiring an additional 2,362 shares during the period. Procyon Advisors LLC’s holdings in Uber Technologies were worth $695,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UBER. AGH Wealth Advisors LLC lifted its stake in shares of Uber Technologies by 20.1% during the 1st quarter. AGH Wealth Advisors LLC now owns 5,048 shares of the ride-sharing company’s stock worth $368,000 after purchasing an additional 844 shares during the period. Oxinas Partners Wealth Management LLC lifted its position in shares of Uber Technologies by 3.5% during the first quarter. Oxinas Partners Wealth Management LLC now owns 9,472 shares of the ride-sharing company’s stock worth $690,000 after purchasing an additional 321 shares in the last quarter. Magnus Financial Group LLC boosted its position in Uber Technologies by 8.1% in the 1st quarter. Magnus Financial Group LLC now owns 5,931 shares of the ride-sharing company’s stock valued at $432,000 after buying an additional 445 shares during the last quarter. Intellectus Partners LLC boosted its holdings in Uber Technologies by 15.8% in the first quarter. Intellectus Partners LLC now owns 32,918 shares of the ride-sharing company’s stock valued at $2,398,000 after purchasing an additional 4,493 shares during the last quarter. Finally, Stablepoint Partners LLC increased its stake in shares of Uber Technologies by 1.9% in the first quarter. Stablepoint Partners LLC now owns 46,673 shares of the ride-sharing company’s stock worth $3,401,000 after buying an additional 890 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 1.1%

Shares of NYSE UBER opened at $85.60 on Friday. The business has a 50-day simple moving average of $80.38 and a two-hundred day simple moving average of $73.49. The company has a market cap of $179.00 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Friday, May 23rd. Wells Fargo & Company raised their target price on Uber Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Finally, The Goldman Sachs Group boosted their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.91.

Insider Activity

In other news, insider Tony West sold 23,404 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,788 shares of company stock valued at $6,517,070. Insiders own 3.84% of the company’s stock.

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.