Ashton Thomas Private Wealth LLC Has $4.70 Million Stake in Uber Technologies, Inc. $UBER

Ashton Thomas Private Wealth LLC increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 26.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,435 shares of the ride-sharing company's stock after acquiring an additional 13,519 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Uber Technologies were worth $4,695,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC increased its stake in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of 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 valued at $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $395,000. Bison Wealth LLC increased its position in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after buying an additional 641 shares in the last quarter. Finally, Fiduciary Trust Co raised its stake in Uber Technologies by 15.5% during the 4th quarter. Fiduciary Trust Co now owns 5,462 shares of the ride-sharing company's stock worth $329,000 after buying an additional 732 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UBER shares. Tigress Financial set a $110.00 price target on Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. UBS Group upped their target price on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Raymond James Financial boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Finally, Barclays reaffirmed an "overweight" rating and issued a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.06.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $94.17 on Tuesday. 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 stock's fifty day simple moving average is $92.44 and its two-hundred day simple moving average is $84.16. 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 $196.38 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.04 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, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,696 shares of company stock worth $4,632,774. Corporate insiders own 3.70% of the company's stock.

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.

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