Romano Brothers AND Company Invests $243,000 in Uber Technologies, Inc. (NYSE:UBER)

Romano Brothers AND Company bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,162 shares of the ride-sharing company’s stock, valued at approximately $243,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Uber Technologies by 34.8% during the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after buying an additional 43,275,830 shares in the last quarter. Capital World Investors lifted its position in Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after purchasing an additional 283,802 shares during the period. Capital Research Global Investors lifted its position in Uber Technologies by 28.4% during the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after purchasing an additional 8,164,816 shares during the period. Norges Bank acquired a new position in Uber Technologies during the 4th quarter valued at about $1,415,778,000. Finally, Brown Advisory Inc. lifted its position in Uber Technologies by 14.7% during the 4th quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock valued at $1,107,745,000 after purchasing an additional 2,307,763 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Tuesday, May 28th. Piper Sandler upped their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday. BMO Capital Markets restated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Wednesday, May 15th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Thursday, May 16th. Finally, Jefferies Financial Group cut their price target on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $84.41.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock valued at $42,258,297 in the last quarter. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Up 3.3 %

Shares of NYSE:UBER traded up $2.34 during midday trading on Friday, hitting $72.68. The stock had a trading volume of 21,375,880 shares, compared to its average volume of 14,821,461. 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 $67.90 and its 200-day simple moving average is $69.78. The company has a market cap of $151.87 billion, a P/E ratio of 117.23, a PEG ratio of 1.54 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the prior year, the business posted ($0.08) earnings per share. Uber Technologies’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

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.