Chung Wu Investment Group LLC Invests $219,000 in Uber Technologies, Inc. (NYSE:UBER)

Chung Wu Investment Group LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,000 shares of the ride-sharing company’s stock, valued at approximately $219,000.

A number of other large investors have also added to or reduced their stakes in UBER. Capital Research Global Investors lifted its position in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Norges Bank bought a new position in shares of Uber Technologies in the fourth quarter worth $1,467,754,000. Boston Partners acquired a new position in Uber Technologies in the fourth quarter valued at about $381,057,000. Toyota Motor Corp bought a new stake in Uber Technologies during the fourth quarter worth about $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Uber Technologies during the fourth quarter worth about $298,644,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider now directly owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the chief financial officer now owns 21,063 shares of the company’s stock, valued at approximately $1,790,355. The trade was a 11.55% 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 Down 0.8%

NYSE:UBER opened at $90.88 on Thursday. The company has a market cap of $190.05 billion, a PE ratio of 15.92, a PEG ratio of 1.17 and a beta of 1.38. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The firm has a 50-day moving average of $84.48 and a 200-day moving average of $74.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on UBER shares. KeyCorp upped their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. TD Cowen lowered 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 report on Tuesday, April 8th. Barclays raised their target price on Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Citigroup lifted their price target on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Wedbush downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $95.18.

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.