D Orazio & Associates Inc. Invests $201,000 in Uber Technologies, Inc. (NYSE:UBER)

D Orazio & Associates Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the first quarter, Holdings Channel.com reports. The firm bought 2,760 shares of the ride-sharing company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies during the 1st quarter valued at $27,000. Kozak & Associates Inc. increased its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 223 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of 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 last quarter. Perkins Coie Trust Co grew its position in Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 306 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the fourth quarter worth $27,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Down 2.1%

Shares of NYSE UBER opened at $83.81 on Monday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The firm has a 50-day moving average of $82.19 and a 200 day moving average of $74.00. The stock has a market cap of $175.26 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results 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. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned ($0.32) earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of several recent research reports. UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Arete Research raised shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. KeyCorp raised their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Truist Financial lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, Piper Sandler restated an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Eleven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.39.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,384 shares of company stock valued at $3,441,071. 3.84% of the stock is owned by corporate insiders.

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.