Zhang Financial LLC Purchases Shares of 17,851 Uber Technologies, Inc. (NYSE:UBER)

Zhang Financial LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 17,851 shares of the ride-sharing company’s stock, valued at approximately $1,301,000.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Clark Capital Management Group Inc. lifted its holdings in shares of Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock valued at $24,280,000 after acquiring an additional 399,008 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock valued at $890,000 after acquiring an additional 3,073 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in shares of Uber Technologies during the 4th quarter valued at $1,997,000. Finally, TigerOak Management L.L.C. acquired a new position in shares of Uber Technologies during the 4th quarter valued at $1,278,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $85.65 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. The firm has a 50-day simple moving average of $81.81 and a 200 day simple moving average of $73.89. The company has a market cap of $179.11 billion, a PE ratio of 18.78, a P/E/G ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UBER. Bank of America lifted their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Wedbush downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Wells Fargo & Company lifted their price target on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. TD Cowen dropped their price target on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 7th. Twelve equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $94.39.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider now directly owns 102,135 shares of the company’s stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s 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 directly owns 21,063 shares of the company’s stock, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock valued at $3,441,071 in the last ninety days. Company insiders own 3.84% of the company’s stock.

Uber Technologies 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.