Bluesphere Advisors LLC Purchases 307 Shares of Uber Technologies, Inc. (NYSE:UBER)

Bluesphere Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,514 shares of the ride-sharing company’s stock after purchasing an additional 307 shares during the period. Bluesphere Advisors LLC’s holdings in Uber Technologies were worth $329,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UBER. Transce3nd LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $27,000. Kozak & Associates Inc. lifted its position in 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 purchased a new stake in shares of Uber Technologies during the first quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $28,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

UBER stock opened at $85.24 on Tuesday. The stock’s 50 day simple moving average is $83.77 and its 200 day simple moving average is $74.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The stock has a market capitalization 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.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the firm posted ($0.32) earnings per share. Uber Technologies’s revenue was up 13.8% compared to the same quarter last year. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent analyst reports. Loop Capital reiterated a “buy” rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. DA Davidson upped their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Raymond James Financial cut Uber Technologies from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, June 18th. Wall Street Zen raised Uber Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, June 15th. Finally, TD Cowen cut their price objective on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.39.

Insider Activity

In other Uber Technologies news, 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 completion of the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred 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 in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

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.