3,162 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Romano Brothers AND Company

Romano Brothers AND Company bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the first quarter, Holdings Channel reports. The institutional investor bought 3,162 shares of the ride-sharing company’s stock, valued at approximately $243,000.

Other hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its position in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the last quarter. CVA Family Office LLC bought a new stake in Uber Technologies in the 4th quarter worth approximately $30,000. Highlander Capital Management LLC lifted its position in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the last quarter. Bfsg LLC bought a new stake in Uber Technologies in the fourth quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in 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 purchasing an additional 174 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 3.3 %

Shares of NYSE UBER traded up $2.34 during trading on Friday, reaching $72.68. The company had a trading volume of 21,375,880 shares, compared to its average volume of 14,821,461. The stock has a market cap of $151.87 billion, a PE ratio of 117.23, a P/E/G ratio of 1.54 and a beta of 1.37. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The business’s 50-day moving average is $67.90 and its 200 day moving average is $69.78.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results 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 the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) earnings per share. As a group, equities analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Friday, May 17th. The shares were 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 approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold a total of 635,984 shares of company stock valued at $42,258,297 over the last ninety days. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on UBER shares. Moffett Nathanson reiterated a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Thursday, April 11th. Argus boosted their price objective on Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. DA Davidson reiterated a “buy” rating and issued a $81.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. UBS Group lowered their price objective on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.41.

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.