Independent Investors Inc. Makes New $657,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Independent Investors Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,015 shares of the ride-sharing company’s stock, valued at approximately $657,000.

Other hedge funds have also recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% in the first 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 last quarter. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies in the first quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Down 1.1%

Shares of NYSE UBER opened at $95.36 on Friday. The company’s fifty day moving average is $88.47 and its 200-day moving average is $77.53. The stock has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 1.22 and a beta of 1.40. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.32) earnings per share. Equities research 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 directly owned 102,135 shares of the company’s stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,496,071 over the last ninety days. 3.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UBER shares. The Goldman Sachs Group raised their price target on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, May 15th. Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, UBS Group increased their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.12.

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.