Apexium Financial LP Makes New $214,000 Investment in Uber Technologies, Inc. $UBER

Apexium Financial LP bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,942 shares of the ride-sharing company’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Anson Funds Management LP bought a new stake in shares of Uber Technologies in the 1st quarter worth approximately $1,093,000. RPg Family Wealth Advisory LLC bought a new stake in Uber Technologies in the first quarter worth $8,715,000. ICONIQ Capital LLC boosted its position in Uber Technologies by 7.7% during the first quarter. ICONIQ Capital LLC now owns 69,408 shares of the ride-sharing company’s stock valued at $5,057,000 after buying an additional 4,991 shares during the period. Pale Fire Capital SE bought a new position in shares of Uber Technologies during the first quarter valued at about $2,186,000. Finally, SVB Wealth LLC boosted its stake in shares of Uber Technologies by 4.2% during the first quarter. SVB Wealth LLC now owns 22,699 shares of the ride-sharing company’s stock valued at $1,654,000 after purchasing an additional 912 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Up 2.6%

UBER stock opened at $96.7020 on Monday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71. The business has a 50 day moving average of $91.08 and a 200 day moving average of $83.02. The firm has a market cap of $201.66 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The sale was disclosed in a legal 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 that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company’s stock, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. Cowen reissued a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Citigroup increased their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Susquehanna lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. UBS Group upped their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $102.82.

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.