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

Range Financial Group LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBERFree Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 9,561 shares of the ride-sharing company’s stock, valued at approximately $736,000.

A number of other large investors have also bought and sold shares of UBER. CVA Family Office LLC bought a new stake in Uber Technologies in the 4th quarter valued at $30,000. Highlander Capital Management LLC grew its holdings in shares of Uber Technologies by 100.0% during the fourth 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 in the last quarter. Bfsg LLC bought a new stake in Uber Technologies in the 4th quarter valued at approximately $31,000. Blue Bell Private Wealth Management LLC boosted its position in Uber Technologies by 49.7% during the 4th 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. Finally, GW&K Investment Management LLC bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $33,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.33 during mid-day trading on Monday, hitting $70.54. 12,381,698 shares of the stock traded hands, compared to its average volume of 19,611,547. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The firm has a 50 day simple moving average of $67.99 and a two-hundred day simple moving average of $69.51. 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 company has a market cap of $147.39 billion, a PE ratio of 113.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.37.

Uber Technologies (NYSE:UBERGet Free Report) last released its quarterly 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). 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 for the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the firm posted ($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, equities research analysts forecast that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UBER shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Wednesday, May 15th. UBS Group lowered 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 raised their price target on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Moffett Nathanson reiterated a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. Finally, Bank of America decreased their target price on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. 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, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $84.47.

View Our Latest Stock Analysis on UBER

Insider Buying and Selling

In other news, insider Tony West sold 18,750 shares of the business’s 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 directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Tony West sold 18,750 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $13,541,962.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $32,965,000.00. Following 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 90 days. 3.84% of the stock is owned by insiders.

Uber Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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