Bell & Brown Wealth Advisors LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Bell & Brown Wealth Advisors LLC significantly increased its stake in Uber Technologies by 82.4%, acquiring an additional 13,549 shares to total 29,991 shares valued at approximately $2.185 million.
• Uber's quarterly earnings exceeded expectations, reporting $0.83 earnings per share, which beat the consensus estimate of $0.50.
• Several hedge funds have adjusted their positions in Uber, with institutional ownership rising to 80.24% of the company's stock.

Bell & Brown Wealth Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 82.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,991 shares of the ride-sharing company's stock after acquiring an additional 13,549 shares during the period. Bell & Brown Wealth Advisors LLC's holdings in Uber Technologies were worth $2,185,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in Uber Technologies during the fourth quarter worth $395,000. Congress Wealth Management LLC DE lifted its stake in Uber Technologies by 65.4% during the fourth quarter. Congress Wealth Management LLC DE now owns 28,999 shares of the ride-sharing company's stock worth $1,749,000 after purchasing an additional 11,466 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its holdings in shares of Uber Technologies by 29.4% during the fourth quarter. Ausdal Financial Partners Inc. now owns 9,426 shares of the ride-sharing company's stock worth $569,000 after buying an additional 2,143 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Activity at Uber Technologies

In other 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 sale, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UBER shares. TD Cowen lowered their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Loop Capital reiterated a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Royal Bank Of Canada reiterated an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price target for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Finally, The Goldman Sachs Group upped 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. Ten investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $100.26.

Uber Technologies Stock Up 0.5%

NYSE:UBER traded up $0.44 on Friday, hitting $91.31. The stock had a trading volume of 13,845,668 shares, compared to its average volume of 16,021,651. 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 stock has a market cap of $190.94 billion, a P/E ratio of 15.99, a price-to-earnings-growth 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 firm's fifty day simple moving average is $89.29 and its two-hundred day simple moving average is $79.51.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business posted ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.