5,435 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Earned Wealth Advisors LLC

Key Points

• Earned Wealth Advisors LLC acquired 5,435 shares of Uber Technologies, valued at approximately $396,000, in the first quarter of the year.
• Multiple institutional investors have increased their stakes in Uber, with some firms like Kozak & Associates Inc. and GPS Wealth Strategies Group LLC boosting their positions significantly during the same period.
• Analysts generally maintain a positive outlook on Uber Technologies, with an average price target of $100.71 and many ratings indicating a "buy" or "overweight" preference for the stock.

Earned Wealth Advisors LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,435 shares of the ride-sharing company's stock, valued at approximately $396,000.

Several other hedge funds and other institutional investors also recently modified their holdings of UBER. Brighton Jones LLC grew its stake in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew 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 valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new position in Uber Technologies in the fourth quarter worth about $395,000. World Investment Advisors grew its stake in Uber Technologies by 76.9% during the 4th quarter. World Investment Advisors now owns 20,824 shares of the ride-sharing company's stock worth $1,256,000 after buying an additional 9,051 shares during the last quarter. Finally, Oarsman Capital Inc. boosted its position in Uber Technologies by 7.3% in the fourth quarter. Oarsman Capital Inc. now owns 5,004 shares of the ride-sharing company's stock valued at $302,000 after buying an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $1.48 during midday trading on Tuesday, reaching $89.91. 7,683,287 shares of the stock were exchanged, compared to its average volume of 22,081,516. 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 firm has a 50-day simple moving average of $89.12 and a two-hundred day simple moving average of $80.47. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71. The firm has a market cap of $188.01 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.00 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released 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. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the business posted ($0.32) EPS. The company's revenue was up 13.8% compared to the same quarter last year. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UBER. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. KeyCorp lifted their target price on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays lifted their target price on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Ten analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $100.71.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the firm's 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 transaction, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by 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.