EP Wealth Advisors LLC Has $4.48 Million Stake in Uber Technologies, Inc. $UBER

Key Points

• EP Wealth Advisors LLC has reduced its stake in Uber Technologies, Inc. by 5.1%, now holding 61,509 shares worth approximately $4.48 million.
• Uber reported earnings of $0.63 per share for the last quarter, exceeding expectations and reflecting an 18.2% increase in revenue compared to the previous year.
• Several analysts have raised their price targets for Uber, with Citigroup setting a new target at $102.00 and Raymond James increasing it to $105.00, indicating a consensus rating of "Moderate Buy."

EP Wealth Advisors LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,509 shares of the ride-sharing company's stock after selling 3,332 shares during the quarter. EP Wealth Advisors LLC's holdings in Uber Technologies were worth $4,482,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the first quarter valued at approximately $27,000. Kozak & Associates Inc. grew its position in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Vision Financial Markets LLC acquired a new position in Uber Technologies in the first quarter worth approximately $27,000. GPS Wealth Strategies Group LLC grew its position in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after buying an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co grew its position in Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after buying an additional 306 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Down 1.2%

UBER traded down $1.09 during mid-day trading on Friday, hitting $90.89. The stock had a trading volume of 20,364,649 shares, compared to its average volume of 14,781,707. The stock's fifty day simple moving average is $92.42 and its 200-day simple moving average is $84.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $189.54 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares of the company's stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock worth $4,632,774 over the last three months. 3.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wedbush lowered their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. BMO Capital Markets boosted their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Susquehanna boosted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Finally, Sanford C. Bernstein upped their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $103.06.

About Uber Technologies

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.