New Century Financial Group LLC Has $993,000 Position in Uber Technologies, Inc. (NYSE:UBER)

New Century Financial Group LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,896 shares of the ride-sharing company’s stock after purchasing an additional 1,056 shares during the quarter. New Century Financial Group LLC’s holdings in Uber Technologies were worth $993,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Natixis Advisors L.P. increased its stake in shares of Uber Technologies by 31.8% during the third quarter. Natixis Advisors L.P. now owns 21,206 shares of the ride-sharing company’s stock worth $975,000 after purchasing an additional 5,120 shares during the period. Ancora Advisors LLC grew its holdings in Uber Technologies by 5.9% in the 3rd quarter. Ancora Advisors LLC now owns 4,904 shares of the ride-sharing company’s stock valued at $226,000 after buying an additional 275 shares in the last quarter. Truist Financial Corp increased its position in Uber Technologies by 65.8% during the 3rd quarter. Truist Financial Corp now owns 701,492 shares of the ride-sharing company’s stock worth $32,262,000 after buying an additional 278,282 shares during the period. Glenmede Trust Co. NA acquired a new stake in shares of Uber Technologies during the third quarter worth $1,870,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Uber Technologies by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 70,364 shares of the ride-sharing company’s stock valued at $3,236,000 after acquiring an additional 12,817 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 635,984 shares of company stock valued at $42,258,297. 3.80% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 0.9 %

Shares of UBER traded up $0.63 during trading hours on Thursday, hitting $71.30. 7,869,781 shares of the stock were exchanged, compared to its average volume of 15,031,445. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The business has a 50-day moving average of $67.98 and a 200-day moving average of $69.96. The firm has a market capitalization of $148.98 billion, a P/E ratio of 115.00, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36. 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 (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. On average, research analysts expect that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Tigress Financial boosted their price objective on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a report on Friday, April 19th. Wells Fargo & Company increased their price target on Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Loop Capital dropped their price objective on Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Bank of America cut their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Truist Financial raised their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.41.

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.