Everhart Financial Group Inc. Purchases 2,882 Shares of Uber Technologies, Inc. (NYSE:UBER)

Everhart Financial Group Inc. increased its position in Uber Technologies, Inc. (NYSE:UBER) by 31.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 12,041 shares of the ride-sharing company’s stock after acquiring an additional 2,882 shares during the period. Everhart Financial Group Inc.’s holdings in Uber Technologies were worth $877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Transce3nd LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies in the fourth quarter worth $27,000. Kozak & Associates Inc. increased its position in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the fourth quarter valued at about $28,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated 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 directly owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,384 shares of company stock worth $3,441,071. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 2.1%

UBER opened at $83.81 on Friday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The company has a market capitalization of $175.26 billion, a P/E ratio of 18.38, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm’s fifty day moving average price is $82.19 and its two-hundred day moving average price is $73.97.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the business earned ($0.32) EPS. The firm’s revenue was up 13.8% on a year-over-year basis. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

UBER has been the subject of several recent analyst reports. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, May 7th. JPMorgan Chase & Co. increased their price target on Uber Technologies from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. TD Cowen reduced their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, May 15th. Twelve analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $94.39.

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.