Proficio Capital Partners LLC Acquires 460 Shares of Uber Technologies, Inc. (NYSE:UBER)

Proficio Capital Partners LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,674 shares of the ride-sharing company’s stock after acquiring an additional 460 shares during the quarter. Proficio Capital Partners LLC’s holdings in Uber Technologies were worth $5,364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UBER. Financial Management Professionals Inc. grew its position in shares of 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 acquired a new position in shares of Uber Technologies during the fourth quarter worth $30,000. Highlander Capital Management LLC lifted its holdings in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth $31,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of Uber Technologies 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 completion of the sale, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. Insiders sold a total of 635,984 shares of company stock worth $42,258,297 in the last quarter. 3.80% of the stock is owned by company insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $0.08 during trading on Tuesday, hitting $71.33. 8,758,025 shares of the company’s stock traded hands, compared to its average volume of 19,014,355. The stock has a market capitalization of $149.05 billion, a P/E ratio of 115.32, a PEG ratio of 1.55 and a beta of 1.36. The business has a 50-day simple moving average of $68.14 and a 200-day simple moving average of $70.23. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last announced 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). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same period last year, the company earned ($0.08) earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, analysts forecast that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on UBER. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. DA Davidson reissued a “buy” rating and set a $81.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. UBS Group reduced their target price on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Tigress Financial increased their price objective on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, Oppenheimer restated an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, June 5th. Two investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $84.41.

About Uber Technologies

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.