Cooper Financial Group Buys 890 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cooper Financial Group lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 24.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,577 shares of the ride-sharing company’s stock after acquiring an additional 890 shares during the quarter. Cooper Financial Group’s holdings in Uber Technologies were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Navalign LLC increased its holdings in Uber Technologies by 0.5% in the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company’s stock worth $1,536,000 after purchasing an additional 126 shares in the last quarter. Grove Bank & Trust increased its holdings in Uber Technologies by 0.9% in the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company’s stock worth $1,030,000 after purchasing an additional 133 shares in the last quarter. Forum Financial Management LP increased its holdings in Uber Technologies by 1.3% in the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock worth $798,000 after purchasing an additional 136 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in Uber Technologies by 42.1% in the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock worth $34,000 after purchasing an additional 138 shares in the last quarter. Finally, Amplius Wealth Advisors LLC increased its holdings in Uber Technologies by 3.6% in the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company’s stock worth $302,000 after purchasing an additional 145 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UBER shares. Tigress Financial set a $110.00 target price on Uber Technologies and gave the stock a “buy” rating in a report on Friday, May 23rd. Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. KeyCorp raised their price objective on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada raised their price objective on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $102.82.

Uber Technologies Stock Up 1.2%

UBER stock opened at $90.63 on Tuesday. The stock’s fifty day simple moving average is $89.58 and its two-hundred day simple moving average is $81.40. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The stock has a market cap of $189.00 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.03 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping 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 business had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

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.