Talbot Financial LLC Makes New $7.88 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

Talbot Financial LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 102,284 shares of the ride-sharing company’s stock, valued at approximately $7,875,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highlander Capital Management LLC lifted its stake in shares of 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 purchasing an additional 250 shares during the period. Compagnie Lombard Odier SCmA lifted its stake in shares of Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after purchasing an additional 14,153 shares during the period. Financial Enhancement Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $1,112,000. Fifth Third Bancorp increased its position in Uber Technologies by 54.3% in the 4th 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. Finally, US Bancorp DE increased its position in Uber Technologies by 2.5% in the 4th quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock valued at $61,310,000 after buying an additional 24,059 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 28,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 28,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares in the company, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 635,984 shares of company stock valued at $42,258,297. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UBER has been the subject of a number of research analyst reports. Argus boosted their target price on Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Tuesday, May 28th. Jefferies Financial Group decreased their target price on Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Moffett Nathanson reaffirmed a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Thursday, April 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, June 5th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.41.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $1.58 during trading on Monday, hitting $71.10. The stock had a trading volume of 13,430,307 shares, compared to its average volume of 19,416,668. The firm has a market cap of $148.56 billion, a price-to-earnings ratio of 117.23, a P/E/G ratio of 1.59 and a beta of 1.36. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The business’s 50-day moving average is $67.90 and its 200 day moving average is $69.83. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last released its quarterly 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 revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 0.85 earnings per share for the current 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.