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

Diversify Wealth Management LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 12.4% 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 47,125 shares of the ride-sharing company's stock after purchasing an additional 5,202 shares during the quarter. 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 institutional investors also recently modified their holdings of the business. Xponance Inc. lifted its position in Uber Technologies by 0.4% during the first quarter. Xponance Inc. now owns 473,544 shares of the ride-sharing company's stock worth $34,502,000 after purchasing an additional 1,879 shares during the period. Sage Rhino Capital LLC acquired a new position in shares of Uber Technologies in the first quarter valued at approximately $259,000. Cerity Partners LLC increased its stake in shares of Uber Technologies by 42.2% in the first quarter. Cerity Partners LLC now owns 814,107 shares of the ride-sharing company's stock valued at $59,316,000 after buying an additional 241,740 shares during the period. Correct Capital Wealth Management acquired a new stake in Uber Technologies during the 1st quarter valued at approximately $676,000. Finally, Allworth Financial LP increased its position in Uber Technologies by 6.5% during the 1st quarter. Allworth Financial LP now owns 21,713 shares of the ride-sharing company's stock valued at $1,696,000 after purchasing an additional 1,332 shares during the period. Institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $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 40,384 shares of company stock worth $3,496,071 over the last three months. Insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday. TD Cowen lowered their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $96.12.

Uber Technologies Trading Down 1.1%

Uber Technologies stock traded down $1.04 during trading hours on Friday, reaching $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 debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50-day moving average price of $88.47 and a 200 day moving average price of $77.53. The firm has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 1.22 and a beta of 1.40. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $97.72.

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

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.