Global Wealth Management Investment Advisory Inc. Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,928 shares of the ride-sharing company's stock after acquiring an additional 3,376 shares during the quarter. Global Wealth Management Investment Advisory Inc.'s holdings in Uber Technologies were worth $3,711,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in Uber Technologies in the fourth quarter worth about $395,000. Mission Wealth Management LP boosted its position in Uber Technologies by 109.0% during the 4th quarter. Mission Wealth Management LP now owns 7,955 shares of the ride-sharing company's stock valued at $480,000 after acquiring an additional 4,149 shares in the last quarter. Finally, Exencial Wealth Advisors LLC grew its holdings in shares of Uber Technologies by 175.1% during the 4th quarter. Exencial Wealth Advisors LLC now owns 7,771 shares of the ride-sharing company's stock worth $469,000 after acquiring an additional 4,946 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer owned 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER traded up $1.41 during trading hours on Friday, reaching $93.46. 8,112,562 shares of the company traded hands, compared to its average volume of 21,089,075. 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 business has a fifty day moving average price of $86.59 and a 200-day moving average price of $76.09. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $94.38. The stock has a market capitalization of $195.43 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.19 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS 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 company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. The firm's revenue was up 13.8% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group lifted their price target on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Stifel Nicolaus started coverage on shares of Uber Technologies in a report on Wednesday, June 11th. They set a "buy" rating and a $110.00 target price on the stock. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th. Finally, Raymond James Financial cut shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, June 18th. Twelve analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $94.85.

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.