First Long Island Investors LLC Acquires Shares of 180,158 Uber Technologies, Inc. (NYSE:UBER)

First Long Island Investors LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 180,158 shares of the ride-sharing company’s stock, valued at approximately $13,870,000.

Other large investors have also bought and sold shares of the company. Financial Management Professionals Inc. boosted its position in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares in the last quarter. CVA Family Office LLC bought a new position in Uber Technologies in the 4th quarter valued at approximately $30,000. Highlander Capital Management LLC lifted its position in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares in the last quarter. Bfsg LLC bought a new position in Uber Technologies in the 4th quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Uber Technologies stock traded up $4.21 during mid-day trading on Thursday, hitting $73.48. The stock had a trading volume of 26,648,877 shares, compared to its average volume of 19,038,824. The firm has a market capitalization of $153.54 billion, a P/E ratio of 118.52, a P/E/G ratio of 1.56 and a beta of 1.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $68.37 and its 200 day moving average is $70.31. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last issued 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). The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) EPS. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Friday, May 17th. The shares were 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 owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. 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 90 days. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. Truist Financial upped their price objective on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 15th. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Oppenheimer reiterated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Finally, JMP Securities reiterated a “market outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, May 16th. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.41.

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.