Sagace Wealth Management LLC Invests $202,000 in Uber Technologies, Inc. (NYSE:UBER)

Sagace Wealth Management LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,777 shares of the ride-sharing company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GPS Wealth Strategies Group LLC raised its holdings in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 299 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Uber Technologies by 22.0% in the first quarter. Fifth Third Bancorp now owns 229,900 shares of the ride-sharing company’s stock valued at $16,751,000 after purchasing an additional 41,497 shares in the last quarter. Simon Quick Advisors LLC boosted its position in shares of Uber Technologies by 54.8% during the first quarter. Simon Quick Advisors LLC now owns 25,056 shares of the ride-sharing company’s stock valued at $1,826,000 after buying an additional 8,873 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in Uber Technologies by 19.7% during the first quarter. Capital Advisors Ltd. LLC now owns 947 shares of the ride-sharing company’s stock worth $69,000 after buying an additional 156 shares in the last quarter. Finally, Zhang Financial LLC bought a new position in Uber Technologies during the 1st quarter valued at $1,301,000. 80.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 value of $3,001,070.52. Following the completion of the transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,384 shares of company stock worth $4,872,471 over the last quarter. Company insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on UBER. Barclays boosted their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. UBS Group raised their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Citigroup upped their target price on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Stifel Nicolaus assumed coverage on shares of Uber Technologies in a research report on Wednesday. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a report on Wednesday, April 16th. Twelve investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.39.

Uber Technologies Stock Up 0.2%

UBER stock opened at $86.53 on Thursday. The stock has a market cap of $180.94 billion, a P/E ratio of 18.98, a PEG ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The business’s 50-day moving average price is $81.40 and its 200-day moving average price is $73.80. 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 (NYSE:UBER) last released its quarterly 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 company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.32) earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current 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.