Cottage Street Advisors LLC Buys New Position in Uber Technologies, Inc. (NYSE:UBER)

Cottage Street Advisors LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, Holdings Channel.com reports. The firm bought 9,092 shares of the ride-sharing company’s stock, valued at approximately $662,000.

Several other large investors have also bought and sold shares of UBER. Transce3nd LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the 4th quarter worth about $27,000. Kozak & Associates Inc. increased its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new position in Uber Technologies in the 1st quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the 4th quarter worth about $28,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UBER shares. Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. KGI Securities reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Citigroup raised their target price on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Tigress Financial set a $110.00 target price on Uber Technologies and gave the stock a “buy” rating in a research report on Friday, May 23rd. Finally, Wall Street Zen raised Uber Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, June 15th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.39.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 0.3%

Shares of Uber Technologies stock opened at $83.73 on Friday. The stock has a market capitalization of $175.09 billion, a P/E ratio of 14.66, a PEG ratio of 1.06 and a beta of 1.38. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $83.53 and a two-hundred day moving average price of $74.39. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.32) earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.