Dynamic Advisor Solutions LLC Invests $943,000 in Uber Technologies, Inc. (NYSE:UBER)

Dynamic Advisor Solutions LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,941 shares of the ride-sharing company's stock, valued at approximately $943,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Tcfg Wealth Management LLC increased its position in Uber Technologies by 20.7% in the 1st quarter. Tcfg Wealth Management LLC now owns 6,130 shares of the ride-sharing company's stock valued at $447,000 after acquiring an additional 1,050 shares in the last quarter. Grant Private Wealth Management Inc increased its position in Uber Technologies by 339.3% in the 1st quarter. Grant Private Wealth Management Inc now owns 15,537 shares of the ride-sharing company's stock valued at $1,132,000 after acquiring an additional 12,000 shares in the last quarter. Dover Advisors LLC increased its position in Uber Technologies by 21.6% in the 1st quarter. Dover Advisors LLC now owns 26,654 shares of the ride-sharing company's stock valued at $1,942,000 after acquiring an additional 4,737 shares in the last quarter. Everpar Advisors LLC increased its position in Uber Technologies by 2.7% in the 1st quarter. Everpar Advisors LLC now owns 7,208 shares of the ride-sharing company's stock valued at $525,000 after acquiring an additional 191 shares in the last quarter. Finally, Hoey Investments Inc. increased its position in Uber Technologies by 4.2% in the 1st quarter. Hoey Investments Inc. now owns 69,045 shares of the ride-sharing company's stock valued at $5,031,000 after acquiring an additional 2,782 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the subject of several analyst reports. Bank of America lifted their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. 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 research report on Thursday, May 8th. Piper Sandler reiterated an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus initiated coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They set a "buy" rating and a $110.00 price target for the company. Eleven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,384 shares of company stock valued at $3,441,071. 3.70% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $84.71 on Wednesday. The company's 50-day moving average is $82.83 and its 200 day moving average is $74.17. 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 company has a market capitalization of $177.14 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60.

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 for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) EPS. On average, equities research analysts forecast 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.

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