Advyzon Investment Management LLC Invests $209,000 in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Advyzon Investment Management has invested approximately $209,000 in Uber Technologies, acquiring 2,865 shares in the first quarter.
• Uber reported an $0.83 EPS in its most recent quarterly earnings, surpassing analysts' expectations of $0.50, and showed a 13.8% year-over-year revenue increase.
• Insider Jill Hazelbaker sold 34,884 shares of Uber stock for over $3 million, resulting in a significant decrease in her shareholding position.

Advyzon Investment Management LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,865 shares of the ride-sharing company's stock, valued at approximately $209,000.

A number of other hedge funds have also made changes to their positions in UBER. Transce3nd LLC acquired a new position in Uber Technologies in the 4th quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the fourth quarter valued at about $27,000. Kozak & Associates Inc. increased its holdings in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies in the 1st quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Uber Technologies by 305.1% during 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 last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 0.0%

UBER traded up $0.00 during trading on Wednesday, reaching $89.39. 40,090,980 shares of the stock traded hands, compared to its average volume of 16,562,547. The stock's 50-day simple moving average is $89.17 and its two-hundred day simple moving average is $80.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The stock has a market cap of $186.93 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The company's revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on UBER shares. Needham & Company LLC upped their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Loop Capital reiterated a "buy" rating and issued a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Ten investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.71.

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.