Aspetuck Financial Management LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Aspetuck Financial Management LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,087 shares of the ride-sharing company’s stock, valued at approximately $225,000.

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

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm’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 completion of the transaction, the insider now owns 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was 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 $1,790,355. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

NYSE UBER opened at $90.88 on Thursday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a market capitalization of $190.05 billion, a P/E ratio of 15.92, a PEG ratio of 1.17 and a beta of 1.38. The business has a 50 day moving average price of $84.48 and a 200 day moving average price of $74.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

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. 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 66.46% and a net margin of 27.07%. Uber Technologies’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the subject of a number of recent research reports. UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on Uber Technologies from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Monday, May 5th. Bank of America increased their price objective on Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Truist Financial increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Eleven research 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.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $95.18.

Uber Technologies Company 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.