Creative Financial Designs Inc. ADV Purchases 472 Shares of Uber Technologies, Inc. (NYSE:UBER)

Creative Financial Designs Inc. ADV raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,017 shares of the ride-sharing company’s stock after purchasing an additional 472 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Uber Technologies were worth $1,750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Kavar Capital Partners Group LLC purchased a new stake in Uber Technologies during the 1st quarter valued at $2,715,000. Pure Financial Advisors LLC lifted its holdings in shares of Uber Technologies by 25.4% during the first quarter. Pure Financial Advisors LLC now owns 6,669 shares of the ride-sharing company’s stock valued at $486,000 after purchasing an additional 1,352 shares in the last quarter. Aspetuck Financial Management LLC purchased a new stake in shares of Uber Technologies during the first quarter valued at $225,000. Security National Bank boosted its position in shares of Uber Technologies by 3,000.0% during the first quarter. Security National Bank now owns 3,100 shares of the ride-sharing company’s stock valued at $226,000 after buying an additional 3,000 shares during the last quarter. Finally, TigerOak Management L.L.C. increased its holdings in Uber Technologies by 2.0% in the 1st quarter. TigerOak Management L.L.C. now owns 21,617 shares of the ride-sharing company’s stock worth $1,575,000 after buying an additional 427 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $93.09 on Friday. The stock has a 50-day moving average price of $84.83 and a 200 day moving average price of $75.02. The stock has a market capitalization of $194.67 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.15 and a beta of 1.38. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $94.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted ($0.32) EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on UBER shares. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a research note on Friday, May 23rd. The Goldman Sachs Group boosted their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Bank of America raised their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Wedbush downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Finally, Raymond James Financial lowered shares of Uber Technologies from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, June 18th. Eleven analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.18.

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.