Advisors Asset Management Inc. Grows Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Advisors Asset Management Inc. increased its stake in Uber Technologies by 21.7%, owning a total of 186,595 shares valued at approximately $13.6 million as of the latest SEC filing.
• Several institutional investors, including Kozak & Associates Inc. and GPS Wealth Strategies Group LLC, also significantly boosted their holdings in Uber during the first quarter.
• Analysts have increased their price targets for Uber, with Goldman Sachs raising it from $96.00 to $110.00, reflecting a consensus rating of "Moderate Buy" with an average price target of $102.82.

Advisors Asset Management Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,595 shares of the ride-sharing company's stock after acquiring an additional 33,312 shares during the period. Advisors Asset Management Inc.'s holdings in Uber Technologies were worth $13,595,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth $27,000. Kozak & Associates Inc. grew its stake in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $27,000. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC grew its stake in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the transaction, the insider owned 170,269 shares of the company's stock, valued at approximately $16,175,555. The trade was a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock worth $4,632,774 over the last three months. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UBER has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Loop Capital reissued a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. increased their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. UBS Group upped their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Bank of America upped their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.06.

Uber Technologies Stock Down 1.2%

Shares of NYSE UBER traded down $1.09 during mid-day trading on Friday, reaching $90.89. The company had a trading volume of 20,364,649 shares, compared to its average volume of 14,781,707. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $92.42 and a two-hundred day simple moving average of $84.01. The stock has a market cap of $189.54 billion, a P/E ratio of 15.48, a PEG ratio of 1.05 and a beta of 1.43. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the firm posted $0.47 EPS. Uber Technologies's revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 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.