Optas LLC Buys 1,541 Shares of Uber Technologies, Inc. (NYSE:UBER)

Optas LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 18.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,769 shares of the ride-sharing company’s stock after purchasing an additional 1,541 shares during the quarter. Optas LLC’s holdings in Uber Technologies were worth $712,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UBER. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies in the first quarter worth about $27,000. Kozak & Associates Inc. grew its stake in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 299 shares during the period. Perkins Coie Trust Co lifted its stake in Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 306 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, May 20th. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. Arete Research upgraded Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Stifel Nicolaus started coverage on Uber Technologies in a report on Wednesday. They set a “buy” rating and a $110.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.39.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider now owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares of the company’s stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock valued at $3,441,071 over the last ninety days. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 2.1%

NYSE UBER opened at $83.81 on Friday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average price is $82.19 and its 200-day moving average price is $73.99. The stock has a market cap of $175.26 billion, a P/E ratio of 18.38, a P/E/G ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the company 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 analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.