Exencial Wealth Advisors LLC Acquires 9,203 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Exencial Wealth Advisors LLC increased its holdings in Uber Technologies by 118.4% in the first quarter, acquiring an additional 9,203 shares and raising their total shares to 16,974.
• Uber reported earnings of $0.63 per share for the latest quarter, exceeding expectations, with a total revenue of $12.65 billion, reflecting an 18.2% year-over-year increase.
• Institutional investors own 80.24% of Uber's stock, with various firms, including CBIZ Investment Advisory Services LLC and Amplius Wealth Advisors LLC, significantly increasing their stakes in the first quarter.

Exencial Wealth Advisors LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 118.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,974 shares of the ride-sharing company's stock after buying an additional 9,203 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Uber Technologies were worth $1,237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Navalign LLC boosted its position in shares of Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after purchasing an additional 126 shares during the last quarter. Grove Bank & Trust boosted its holdings in Uber Technologies by 0.9% during the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after buying an additional 133 shares during the last quarter. Forum Financial Management LP grew its position in shares of Uber Technologies by 1.3% during the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after buying an additional 136 shares during the period. CBIZ Investment Advisory Services LLC increased its stake in shares of Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after acquiring an additional 138 shares during the last quarter. Finally, Amplius Wealth Advisors LLC increased its stake in shares of Uber Technologies by 3.6% in the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock valued at $302,000 after acquiring an additional 145 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $92.59 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.11. The stock has a 50 day moving average price of $89.33 and a 200 day moving average price of $80.91. The stock has a market capitalization of $193.63 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 value of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UBER shares. Needham & Company LLC lifted their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Wedbush reduced their price target 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. Loop Capital reissued a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. UBS Group raised their price objective on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $102.82.

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.

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