Avantax Advisory Services Inc. Acquires 19,799 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Avantax Advisory Services Inc. increased its stake in Uber Technologies by 19.8%, acquiring an additional 19,799 shares, bringing its total holdings to 119,556 shares valued at approximately $8.71 million.
• Insider sales have occurred, with Jill Hazelbaker selling 34,884 shares for over $3 million, and CFO Prashanth Mahendra-Rajah also selling shares, reflecting a decrease in their ownership.
• Uber's stock has shown strong performance with a 1-year high of $97.71 and a market cap of $190.94 billion, following a reported EPS of $0.83 for the quarter, surpassing analyst estimates.

Avantax Advisory Services Inc. raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,556 shares of the ride-sharing company's stock after buying an additional 19,799 shares during the period. Avantax Advisory Services Inc.'s holdings in Uber Technologies were worth $8,711,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Transce3nd LLC purchased a new stake in Uber Technologies in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the 4th quarter valued at about $27,000. Kozak & Associates Inc. increased its stake in 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 last quarter. Noble Wealth Management PBC purchased a new stake in Uber Technologies in the 1st quarter valued at about $27,000. Finally, GPS Wealth Strategies Group LLC increased 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 worth $29,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the 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 transaction, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock worth $3,496,071 over the last quarter. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $91.31 on Friday. The stock's 50-day moving average is $89.29 and its 200 day moving average is $79.61. The stock has a market cap of $190.94 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.05 and a beta of 1.40. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.71. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the business earned ($0.32) earnings per share. The business's quarterly revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wells Fargo & Company lifted their price target on shares of Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Barclays lifted their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $100.26.

Uber Technologies Company 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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