Sivia Capital Partners LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

Sivia Capital Partners LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,882 shares of the ride-sharing company’s stock after buying an additional 157 shares during the quarter. Sivia Capital Partners LLC’s holdings in Uber Technologies were worth $376,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UBER. Financial Management Professionals Inc. grew its holdings in Uber Technologies by 111.6% in the first 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 during the last quarter. CVA Family Office LLC purchased a new position in Uber Technologies in the fourth quarter worth $30,000. Highlander Capital Management LLC grew its holdings in Uber Technologies by 100.0% in the fourth 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. Bfsg LLC purchased a new position in Uber Technologies in the fourth quarter worth $31,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the company’s 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 sale, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred 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 completion of the sale, 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 filing with the SEC, which is accessible through this link. Also, insider Tony West sold 18,750 shares of the stock in a transaction that occurred 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 sale, 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. In the last quarter, insiders sold 635,984 shares of company stock valued at $42,258,297. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock traded up $1.20 on Wednesday, reaching $71.87. 4,828,710 shares of the company were exchanged, compared to its average volume of 19,261,729. The company has a market cap of $150.17 billion, a price-to-earnings ratio of 116.03, a P/E/G ratio of 1.59 and a beta of 1.36. The business has a 50-day moving average price of $67.94 and a 200 day moving average price of $69.95. 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, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the prior year, the company posted ($0.08) EPS. The firm’s revenue was up 14.8% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on UBER. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price target on shares of Uber Technologies in a report on Wednesday, May 8th. UBS Group dropped their price objective on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price objective on shares of Uber Technologies in a report on Tuesday, May 28th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. Finally, JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Uber Technologies in a report on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.41.

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.