Ibex Wealth Advisors Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Ibex Wealth Advisors acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 70,001 shares of the ride-sharing company’s stock, valued at approximately $5,100,000.

Several other large investors have also recently bought and sold shares of UBER. Accurate Wealth Management LLC raised its position in shares of Uber Technologies by 10.9% during the 1st quarter. Accurate Wealth Management LLC now owns 5,358 shares of the ride-sharing company’s stock valued at $387,000 after acquiring an additional 526 shares during the last quarter. Fiduciary Financial Group LLC bought a new stake in shares of Uber Technologies during the 1st quarter valued at $250,000. GAMMA Investing LLC raised its position in shares of Uber Technologies by 319.6% during the 1st quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company’s stock valued at $1,658,000 after acquiring an additional 17,330 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Uber Technologies by 31.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 28,206 shares of the ride-sharing company’s stock valued at $2,055,000 after acquiring an additional 6,684 shares during the last quarter. Finally, Fourpath Capital Management LLC increased its position in shares of Uber Technologies by 55.5% in the 1st quarter. Fourpath Capital Management LLC now owns 41,524 shares of the ride-sharing company’s stock valued at $3,025,000 after buying an additional 14,823 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Up 1.9%

Shares of NYSE:UBER opened at $87.19 on Tuesday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The stock has a market cap of $182.33 billion, a PE ratio of 19.12, a P/E/G ratio of 0.89 and a beta of 1.38. The business has a 50 day moving average of $80.63 and a 200-day moving average of $73.62. 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 quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the business earned ($0.32) earnings per share. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock valued at $6,517,070 over the last three months. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on UBER shares. Citigroup upped their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. TD Cowen lowered their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. KeyCorp increased their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Finally, Piper Sandler restated an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Twelve investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.91.

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.