3,361 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 3,361 shares of the ride-sharing company’s stock, valued at approximately $259,000.

Other hedge funds have also bought and sold shares of the company. Highlander Capital Management LLC lifted its stake in 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 purchasing an additional 250 shares in the last quarter. PFG Investments LLC lifted its stake in Uber Technologies by 374.6% in the 1st quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company’s stock worth $4,885,000 after purchasing an additional 50,080 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Uber Technologies by 54.3% during the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after buying an additional 24,247 shares in the last quarter. US Bancorp DE raised its position in shares of Uber Technologies by 2.5% during the 4th quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock valued at $61,310,000 after buying an additional 24,059 shares in the last quarter. Finally, SVB Wealth LLC raised its position in shares of Uber Technologies by 28.1% during the 4th quarter. SVB Wealth LLC now owns 51,341 shares of the ride-sharing company’s stock valued at $3,161,000 after buying an additional 11,269 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, 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 can be accessed through this link. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction 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 sale, 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 sold a total of 1,135,984 shares of company stock valued at $78,213,297 over the last 90 days. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of several analyst reports. Tigress Financial upped their price target 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. Bank of America cut their price target on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. TD Cowen upped their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Wolfe Research began coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. Finally, Oppenheimer restated an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.82.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $0.66 during midday trading on Thursday, reaching $63.81. The company had a trading volume of 2,077,240 shares, compared to its average volume of 18,730,543. The business’s 50-day simple moving average is $68.52 and its 200 day simple moving average is $71.01. The stock has a market cap of $133.33 billion, a P/E ratio of 103.98, a P/E/G ratio of 1.38 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $10.09 billion. During the same period last year, the business earned ($0.08) EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal 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.