Magnus Financial Group LLC Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Magnus Financial Group LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,931 shares of the ride-sharing company’s stock after purchasing an additional 445 shares during the quarter. Magnus Financial Group LLC’s holdings in Uber Technologies were worth $432,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UBER. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business’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 sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,788 shares of company stock worth $6,517,070 over the last quarter. Insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UBER shares. KGI Securities reaffirmed a “neutral” rating and set a $78.00 price target on shares of Uber Technologies in a report on Tuesday, March 11th. KeyCorp raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Thursday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, May 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Wednesday, April 16th. Twelve investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $93.91.

Uber Technologies Trading Up 1.1%

Uber Technologies stock opened at $85.60 on Friday. The stock has a market cap of $179.00 billion, a P/E ratio of 18.77, a PEG 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, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The firm’s 50 day moving average price is $80.38 and its 200-day moving average price is $73.46.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) earnings per share. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.