Annex Advisory Services LLC Makes New $202,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Annex Advisory Services LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,622 shares of the ride-sharing company’s stock, valued at approximately $202,000.

A number of other large investors also recently made changes to their positions in UBER. Highlander Capital Management LLC increased 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 worth $31,000 after purchasing an additional 250 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Uber Technologies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock worth $40,360,000 after buying an additional 3,530 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in Uber Technologies by 73.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after acquiring an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC bought a new stake in Uber Technologies in the fourth quarter worth approximately $1,112,000. Finally, Fifth Third Bancorp raised its holdings in Uber Technologies by 54.3% during the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after buying an additional 24,247 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UBER shares. Roth Mkm reissued a “buy” rating and set a $89.00 target price (down previously from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. Citigroup upped their target price on shares of Uber Technologies from $93.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Truist Financial raised their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 15th. Finally, TD Cowen decreased their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.34.

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value 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 $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Uber Technologies news, insider Tony West sold 28,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The transaction was disclosed in a filing with the SEC, which is available 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 value of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 635,984 shares of company stock worth $42,258,297. 3.80% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 0.1 %

UBER traded down $0.10 during trading on Tuesday, reaching $70.44. 10,685,437 shares of the company’s stock were exchanged, compared to its average volume of 19,534,582. The company’s fifty day moving average price is $67.93 and its 200-day moving average price is $69.58. The firm has a market capitalization of $147.19 billion, a PE ratio of 113.77, a P/E/G ratio of 1.54 and a beta of 1.37. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 0.84 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.