15,000 Shares in Uber Technologies, Inc. $UBER Purchased by Anson Funds Management LP

Anson Funds Management LP purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, HoldingsChannel reports. The institutional investor purchased 15,000 shares of the ride-sharing company’s stock, valued at approximately $1,093,000.

Several other large investors have also modified their holdings of UBER. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies during the fourth quarter worth approximately $27,000. Kozak & Associates Inc. boosted its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $27,000. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $27,000. Finally, GPS Wealth Strategies Group LLC grew its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 299 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UBER. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. UBS Group lifted their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, KeyCorp increased their price target on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.06.

Uber Technologies Stock Performance

Uber Technologies stock opened at $94.24 on Thursday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $196.53 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43. The firm’s fifty day moving average price is $92.54 and its 200 day moving average price is $84.30.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the firm earned $0.47 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the transaction, the insider directly owned 170,269 shares in the company, valued at approximately $16,175,555. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock worth $4,632,774 in the last quarter. Company insiders own 3.84% of the company’s stock.

Uber Technologies Company 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.