LRI Investments LLC Invests $328,000 in Uber Technologies, Inc. (NYSE:UBER)

LRI Investments LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,258 shares of the ride-sharing company’s stock, valued at approximately $328,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 34.8% in the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after acquiring an additional 43,275,830 shares in the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $1,415,778,000. Edgewood Management LLC purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $783,401,000. GQG Partners LLC lifted its position in shares of Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after acquiring an additional 9,541,366 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Uber Technologies by 28.4% in 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 acquiring an additional 8,164,816 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.0 %

UBER traded down $1.34 during trading on Friday, reaching $64.40. The company had a trading volume of 17,379,446 shares, compared to its average volume of 14,501,722. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The business’s fifty day moving average price is $68.58 and its 200 day moving average price is $71.00. The company has a market cap of $134.57 billion, a P/E ratio of 103.87, a PEG ratio of 1.44 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced 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 business 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 business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) EPS. Equities analysts anticipate that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were 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 directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction on 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 in the company, valued at $13,541,962.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,135,984 shares of company stock valued at $78,213,297. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UBER. Loop Capital cut their target price on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Moffett Nathanson reiterated a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Thursday, April 11th. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Melius assumed coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price on the stock. Finally, JMP Securities reiterated a “market outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $85.97.

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.