Bluesphere Advisors LLC Buys 307 Shares of Uber Technologies, Inc. (NYSE:UBER)

Bluesphere Advisors LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.3% during the first quarter, Holdings Channel.com reports. The fund owned 4,514 shares of the ride-sharing company’s stock after acquiring an additional 307 shares during the quarter. Bluesphere Advisors LLC’s holdings in Uber Technologies were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

UBER has been the topic of several recent analyst reports. Citigroup lifted their target price on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Bank of America lifted their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. KeyCorp upped their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Loop Capital reaffirmed a “buy” rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, UBS Group lifted their price target on shares of Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.39.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Monday, May 5th. The stock was 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 represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.7%

UBER opened at $85.24 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day moving average price is $83.77 and its 200-day moving average price is $74.60. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The stock has a market cap of $178.25 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.07 and a beta of 1.38.

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

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.