Ables Iannone Moore & Associates Inc. Buys New Position in Uber Technologies, Inc. (NYSE:UBER)

Ables Iannone Moore & Associates Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,000 shares of the ride-sharing company’s stock, valued at approximately $493,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. PNC Financial Services Group Inc. increased its stake in Uber Technologies by 15.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 63,059 shares of the ride-sharing company’s stock worth $2,900,000 after acquiring an additional 8,202 shares during the last quarter. WCG Wealth Advisors LLC bought a new position in shares of Uber Technologies in the 3rd quarter worth $640,000. Prudential PLC raised its position in shares of Uber Technologies by 3.6% in the 3rd quarter. Prudential PLC now owns 65,786 shares of the ride-sharing company’s stock worth $3,025,000 after acquiring an additional 2,301 shares in the last quarter. Korea Investment CORP increased its position in Uber Technologies by 78.5% during the 3rd quarter. Korea Investment CORP now owns 1,530,311 shares of the ride-sharing company’s stock valued at $70,379,000 after buying an additional 672,806 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in shares of Uber Technologies in the third quarter valued at about $9,202,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen lowered their price target on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Roth Mkm reiterated a “buy” rating and issued a $89.00 target price (down from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. UBS Group decreased their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Tuesday, May 28th. Finally, Jefferies Financial Group dropped their price target on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.47.

Uber Technologies Stock Up 0.6 %

NYSE UBER traded up $0.43 during trading hours on Monday, hitting $70.49. The company had a trading volume of 14,752,500 shares, compared to its average volume of 19,826,799. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company has a market capitalization of $147.29 billion, a price-to-earnings ratio of 113.00, a P/E/G ratio of 1.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50 day moving average is $68.47 and its 200 day moving average is $69.07.

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

Insider Buying and Selling

In related news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares in the company, valued at $6,851,103.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly 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 hyperlink. Also, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction that occurred on 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 transaction, the insider now 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 three months, insiders sold 635,984 shares of company stock worth $42,258,297. Corporate insiders own 3.80% 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.