Fourth Dimension Wealth LLC Has $159,000 Holdings in Uber Technologies, Inc. (NYSE:UBER)

Fourth Dimension Wealth LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 393.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,178 shares of the ride-sharing company’s stock after purchasing an additional 1,737 shares during the period. Fourth Dimension Wealth LLC’s holdings in Uber Technologies were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its stake in shares of Uber Technologies by 12.7% in the 1st quarter. International Assets Investment Management LLC now owns 11,123 shares of the ride-sharing company’s stock valued at $810,000 after purchasing an additional 1,252 shares during the period. Cornerstone Wealth Group LLC raised its holdings in shares of Uber Technologies by 8.6% in the first quarter. Cornerstone Wealth Group LLC now owns 61,235 shares of the ride-sharing company’s stock valued at $4,462,000 after purchasing an additional 4,844 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of Uber Technologies by 25.2% during the first quarter. Harbour Capital Advisors LLC now owns 40,675 shares of the ride-sharing company’s stock valued at $2,841,000 after acquiring an additional 8,195 shares during the last quarter. Bluesphere Advisors LLC raised its stake in shares of Uber Technologies by 7.3% during the 1st quarter. Bluesphere Advisors LLC now owns 4,514 shares of the ride-sharing company’s stock worth $329,000 after purchasing an additional 307 shares during the period. Finally, Retirement Guys Formula LLC bought a new stake in shares of Uber Technologies during the 1st quarter worth $1,619,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 1.7%

Shares of UBER stock opened at $85.24 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $178.25 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. The company has a 50-day moving average of $83.77 and a two-hundred day moving average of $74.60. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. Uber Technologies’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.32) earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business’s 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 sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale 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 business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. The Goldman Sachs Group lifted 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. Wedbush lowered Uber Technologies from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Wells Fargo & Company lifted their price objective on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. KeyCorp boosted their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Raymond James Financial cut shares of Uber Technologies from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, June 18th. Eleven analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.39.

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.