Apollon Wealth Management LLC Has $1.47 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Apollon Wealth Management LLC increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 59.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,142 shares of the ride-sharing company's stock after purchasing an additional 7,521 shares during the period. Apollon Wealth Management LLC's holdings in Uber Technologies were worth $1,468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Brighton Jones LLC lifted its position in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in Uber Technologies in the 4th quarter worth approximately $395,000. Harbour Investments Inc. lifted its position in Uber Technologies by 25.4% in the 4th quarter. Harbour Investments Inc. now owns 13,575 shares of the ride-sharing company's stock worth $819,000 after buying an additional 2,748 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in Uber Technologies by 3.5% in the 4th quarter. Primecap Management Co. CA now owns 1,376,200 shares of the ride-sharing company's stock worth $83,012,000 after buying an additional 46,500 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.07 during trading on Friday, reaching $90.57. The company had a trading volume of 14,200,257 shares, compared to its average volume of 21,154,371. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.72. The stock has a market cap of $189.40 billion, a PE ratio of 15.86, a PEG ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The business's 50 day moving average price is $89.06 and its 200-day moving average price is $78.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.32) earnings per share. Analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Cantor Fitzgerald restated an "overweight" rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. UBS Group raised their price target on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Canaccord Genuity Group restated a "hold" rating and set a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $97.63.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of the business'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 transaction of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $261,250.00. Following the sale, the chief financial officer directly 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. Over the last three months, insiders have sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is currently owned by insiders.

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.