Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 28.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,833 shares of the ride-sharing company's stock after purchasing an additional 3,550 shares during the quarter. Axxcess Wealth Management LLC's holdings in Uber Technologies were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of UBER. Clark Capital Management Group Inc. raised its stake in Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after purchasing an additional 399,008 shares in the last quarter. UMB Bank n.a. raised its stake in Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Mufg Securities Americas Inc. purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $1,875,000. Finally, APG Asset Management N.V. purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $84,687,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday. Stifel Nicolaus assumed coverage on shares of Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target on the stock. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. Raymond James Financial cut shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. Finally, Loop Capital reiterated a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Thirteen analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $96.12.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm'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 transaction, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm'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 transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock valued at $3,496,071 over the last three months. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded down $1.04 during midday trading on Friday, hitting $95.36. The company had a trading volume of 12,442,436 shares, compared to its average volume of 21,206,819. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $97.72. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.22 and a beta of 1.40. The company has a fifty day simple moving average of $88.47 and a 200 day simple moving average of $77.53.

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 (EPS) for the quarter, topping 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 company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the firm posted ($0.32) EPS. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.