4,258 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by LRI Investments LLC

LRI Investments LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,258 shares of the ride-sharing company’s stock, valued at approximately $328,000.

A number of other large investors have also added to or reduced their stakes in UBER. Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Uber Technologies in the 1st quarter worth $32,000. YHB Investment Advisors Inc. purchased a new stake in shares of Uber Technologies in the 1st quarter worth $37,000. CVA Family Office LLC purchased a new stake in shares of Uber Technologies in the 4th quarter worth $30,000. Finally, Highlander Capital Management LLC lifted its holdings in shares of 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 period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER stock traded down $1.34 during mid-day trading on Friday, reaching $64.40. 17,379,446 shares of the company’s stock were exchanged, compared to its average volume of 14,501,722. The company has a market cap of $134.57 billion, a price-to-earnings ratio of 103.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.36. The stock’s 50 day moving average is $68.58 and its 200 day moving average is $71.00. 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, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last issued 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 analysts’ expectations of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) EPS. On average, research analysts expect that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Bank of America lowered their target price on Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a 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 objective on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Piper Sandler upped their price objective on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 25th. Finally, Melius Research initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $85.97.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred 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 transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders have sold a total of 1,135,984 shares of company stock worth $78,213,297 over the last quarter. 3.84% of the stock is currently owned by corporate insiders.

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.