Diversify Wealth Management LLC Purchases 5,202 Shares of Uber Technologies, Inc. (NYSE:UBER)

Diversify Wealth Management LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 12.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,125 shares of the ride-sharing company's stock after purchasing an additional 5,202 shares during the period. Diversify Wealth Management LLC's holdings in Uber Technologies were worth $3,743,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Transce3nd LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $27,000. Kozak & Associates Inc. boosted its position in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC purchased a new stake in Uber Technologies during the 1st quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent analyst reports. UBS Group upped their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Barclays raised their target price 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, Wells Fargo & Company upped their price target on shares of Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $96.12.

Uber Technologies Trading Down 1.1%

NYSE UBER traded down $1.04 during 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. 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, Inc. has a one year low of $54.84 and a one year high of $97.72. The company has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.22 and a beta of 1.40. The company's fifty day moving average is $88.25 and its 200-day moving average is $77.30.

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

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The stock was 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 owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is owned by company 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.