Prospect Financial Services LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Prospect Financial Services LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, HoldingsChannel reports. The fund bought 7,660 shares of the ride-sharing company’s stock, valued at approximately $472,000.

Several other institutional investors and hedge funds also recently bought and sold shares of UBER. CVA Family Office LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth $30,000. Highlander Capital Management LLC raised its holdings in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the period. Bfsg LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $31,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Finally, GW&K Investment Management LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $33,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 28,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tony West sold 28,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 635,984 shares of company stock worth $42,258,297. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Down 1.1 %

NYSE UBER traded down $0.78 during trading on Friday, hitting $70.08. The stock had a trading volume of 11,594,218 shares, compared to its average volume of 19,870,848. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The stock has a 50 day simple moving average of $68.47 and a 200 day simple moving average of $68.90. The stock has a market capitalization of $146.43 billion, a price-to-earnings ratio of 113.03, a P/E/G ratio of 1.61 and a beta of 1.37. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. Uber Technologies’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

UBER has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Loop Capital dropped their target price on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Argus raised their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Tigress Financial boosted their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, DA Davidson reissued a “buy” rating and set a $81.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.47.

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.