MV Capital Management Inc. Has $66,000 Position in Uber Technologies, Inc. (NYSE:UBER)

MV Capital Management Inc. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 870.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 854 shares of the ride-sharing company’s stock after acquiring an additional 766 shares during the period. MV Capital Management Inc.’s holdings in Uber Technologies were worth $66,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Financial Management Professionals Inc. raised its holdings in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the last quarter. CVA Family Office LLC acquired a new position in Uber Technologies during the fourth quarter worth $30,000. Highlander Capital Management LLC raised its holdings in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the last quarter. Bfsg LLC acquired a new position in Uber Technologies during the fourth quarter worth $31,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies 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 in the company, valued at $13,541,962.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 635,984 shares of company stock worth $42,258,297. 3.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, May 16th. TD Cowen dropped their price target on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Bank of America dropped their price target on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Loop Capital dropped their price target on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Finally, Roth Mkm reissued a “buy” rating and set a $89.00 price target (down from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $84.41.

Uber Technologies Price Performance

UBER stock opened at $70.67 on Wednesday. The firm has a 50 day moving average of $67.94 and a 200-day moving average of $69.95. 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, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The firm has a market capitalization of $147.67 billion, a P/E ratio of 113.98, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36.

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

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.