Jaffetilchin Investment Partners LLC Buys New Stake in Uber Technologies, Inc. (NYSE:UBER)

Jaffetilchin Investment Partners LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,399 shares of the ride-sharing company’s stock, valued at approximately $339,000.

Several other hedge funds also recently made changes to their positions in UBER. Financial Management Professionals Inc. grew its holdings in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. Highlander Capital Management LLC boosted its stake in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the period. Bfsg LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth about $31,000. Blue Bell Private Wealth Management LLC lifted its position in Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Finally, J.Safra Asset Management Corp acquired a new stake in Uber Technologies in the first quarter valued at about $32,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In other 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 transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, insider Tony West sold 89,234 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total value of $6,083,974.12. Following the sale, the insider now directly owns 124,945 shares in the company, valued at approximately $8,518,750.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,135,984 shares of company stock worth $78,213,297. 3.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBER. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Monday, July 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Tuesday, May 28th. Roth Mkm reaffirmed a “buy” rating and issued a $89.00 target price (down from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. Wells Fargo & Company raised their price objective on shares of Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Finally, UBS Group dropped their price objective on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.82.

Uber Technologies Price Performance

NYSE:UBER traded down $1.83 during trading hours on Friday, reaching $59.19. 12,162,319 shares of the company’s stock were exchanged, compared to its average volume of 18,800,291. The company has a market capitalization of $123.68 billion, a P/E ratio of 95.29, a price-to-earnings-growth ratio of 1.41 and a beta of 1.36. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The business’s 50-day simple moving average is $68.47 and its two-hundred day simple moving average is $70.94.

Uber Technologies (NYSE:UBER) last issued its 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 the consensus estimate of $10.09 billion. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 0.85 EPS for the current fiscal year.

About Uber Technologies

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.