Ibex Wealth Advisors Invests $5.10 Million in Uber Technologies, Inc. (NYSE:UBER)

Ibex Wealth Advisors purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 70,001 shares of the ride-sharing company’s stock, valued at approximately $5,100,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UBER. Brighton Jones LLC raised its position in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $4,136,000. Golden State Wealth Management LLC acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $85,000. Finally, Vest Financial LLC increased its position in Uber Technologies by 30.0% in the 4th quarter. Vest Financial LLC now owns 13,997 shares of the ride-sharing company’s stock valued at $844,000 after acquiring an additional 3,226 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. This represents a 5.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock valued at $6,517,070 in the last three months. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Up 1.9%

UBER stock opened at $87.19 on Tuesday. The firm has a market cap of $182.33 billion, a P/E ratio of 19.12, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The business’s 50 day moving average is $80.63 and its 200-day moving average is $73.62.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.32) EPS. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on UBER shares. Truist Financial raised their target price on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. Bank of America raised their target price on Uber Technologies from $96.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Raymond James raised their target price on Uber Technologies from $95.00 to $100.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 8th. Finally, KeyCorp increased their price target on Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Twelve research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.91.

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.