Kirtland Hills Capital Management LLC Buys New Shares in Uber Technologies, Inc. (NYSE:UBER)

Kirtland Hills Capital Management LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,329 shares of the ride-sharing company’s stock, valued at approximately $551,000.

A number of other institutional investors have also recently bought and sold shares of UBER. Transce3nd LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. lifted its position in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC lifted its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 299 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UBER. KeyCorp lifted their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Piper Sandler lifted their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Barclays boosted their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Wells Fargo & Company boosted their target price on shares of Uber Technologies from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Finally, Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Friday, May 23rd. Ten analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $100.26.

Uber Technologies Stock Down 0.8%

UBER stock opened at $90.56 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 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 $97.71. The firm’s 50-day simple moving average is $89.25 and its 200 day simple moving average is $79.89. The stock has a market cap of $189.38 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping 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 business had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter last year, the company earned ($0.32) EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,384 shares of company stock worth $3,496,071. Corporate insiders own 3.70% of the company’s stock.

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.